See Appendix 6.
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UNITED STATES PATENT AND TRADEMARK OFFICE (USPTO)
Federal agency in the USA granting patents for items and trademark registration .
UNITED STATES POSTAL SERVICE (USPS)
Independent government agency processing and delivering mail in the USA. Created in 1775.
UNITED STATES SENATOR
See Senator.
UNITIZATION
1. Combination of cartons, boxes, pails, etc., in one load ready for transport with ease of handling and identification . See containerization . 2. Converting an investment company to a […]
UNITIZED LOAD
Load of many articles bound together for transport and handling as one unit.
UNITRUST
Trust where certain percentage of the yearly assessed market value is paid to the beneficiary of the trust.
UNITS OF PRODUCTION METHOD OF DEPRECIATION
Amount of units available to be sold compared to time taken to produce the items.
UNITS-OF-OUTPUT DEPRECIATION
Depreciation method calculated based on an asset’s use instead of time it is in service and matching expense of depreciation to generated revenue.
UNITY
In the law of estates. The peculiar characteristic of an estate held by several in joint tenancy , and which is fourfold, viz., unity of interest , unity of title, […]
UNITY OF COMMAND
Principle of an organization where one person reports to just one boss.
UNITY OF DIRECTION
Principle of management based on the objective of members in a team all sharing the same objective.
UNITY OF INTEREST
This means to have an identical interest in property with another person.
UNITY OF POSSESSION
where a property is held jointly and both people own the whole property.
UNIVERSAL
Having relation to the whole or an entirety; pertaining to all without exception; a term more extensive than “general,” which latter may admit of exceptions. See Blair v. Howell, 6S […]
UNIVERSAL AGENT
Agent authorized to perform the same acts as the principle is able to perform.
UNIVERSAL BANK
A bank that practices traditional activities and securities management. Refer to bancassurance , commercial bank , and investment bank .
UNIVERSAL BANKING
Banking combining aspects of commercial banking and investment banking.
UNIVERSAL CURRENCY CONVERTER
Program allowing for the fast conversion of currencies ate the current rate of exchange .
UNIVERSAL DECIMAL CLASSIFICATION (UDC)
Classification system based on Dewey Decimal System dividing knowledge into 10 main groups.
UNIVERSAL HEALTH COVERAGE
Health insurance provided at no cost to a country’s citizens.
UNIVERSAL LIFE INSURANCE
US life insurance combining adjustable benefits with adjustable premiums.
UNIVERSAL MERCANTILE SYSTEM
Process now being replaced to rate risks of property insurance .
UNIVERSAL MOBILE TELECOMMUNICATIONS SYSTEM (UMTS)
Transmissions of data, video, voice and multimedia by a wireless broadband device.
UNIVERSAL PARTNERSHIP
a partnership where each person gives all of his property to the partnership.