unfair labor practices (ULPs)

Unfair Labor Practices: An Overview

Under the [[national_labor_relations_act_nlra|National Labor Relations Act ("NLRA")]], there are three broad categories of unfair labor practices ("ULPs"). The three categories of ULPs consist of those under...

Uniform Commercial Code

A uniform code governing commercial transactions that has been adopted in some form by every state as well as by the District of Columbia. It includes sections pertaining to sales and leases of goods, negotiable instruments, and secured transactions...

Uniform Resource Locator (URL)

A Uniform Resource Locator, or URL is the address of a specific location on the web. As explained by the Computer Security Resource Center, a URL is a reference to a web resource that specifies its location on a computer network and a...

Uniform Transfer-on-Death Securities Registration Act

Uniform Transfer-on-Death Securities Registration Act (UTODSRA) is an act that enables people to designate beneficiaries to inherit their stocks, bonds, bank accounts or other securities without the need for probate. The registration process...


One-sided. Often describes action by one of multiple parties, without the agreement or participation of others.

See Bilateral, Multilateral, Mutual, and Unanimous.

unilateral contract


A unilateral contract is a contract created by an offer than can only be accepted by performance.


In a unilateral contract, there is an express offer that payment is made only by a party's performance. Another example of...


Not incorporated. Specifically -

1. A organization that has not been formed into a legal corporation.

2. Not combined or mixed with something else. Thus, in constitutional law, an unincorporated amendment of the U.S. Constitution...

unincorporated business organization (UBO)

An unincorporated business organization (UBO) is a business arrangement used in lieu of a company or partnership. The investor acts as the settlor of the trust and gives the management rights to the trustee, who holds title to the property...

uninsured motorist clause

Uninsured motorist clause is part of some car insurance policies which provides coverage for bodily injuries of the driver and their passengers if (1) the other driver did not have car insurance and (2) the other driver was at fault. Not...

unissued stock

Unissued stock is the stock that has been authorized for use in the company’s charter but that the company has not sold (issued) either to the shareholders or other investors in the market.

Unissued stock does not accumulate...