UN-CREDITED CHECK is a check that has been presented to the bank but still are

under process by the bank. The customer account has been debited already.

UNAPPLIED FUNDS is available money credited to a temporary holding (suspense)

account, pending determination or instruction on the breakdown of how the money is to
be allocated.

UNBILLED REVENUE is revenue which had been recognized but which had not been
billed to the purchaser(s).

UNCONDITIONAL means that an agreement is not contingent, determined or influenced

by someone or something else; to include not being modified or restricted by
reservations.

UNDERLYING is the security, cash commodity, forward, futures contract, swap, or

other contract or instrument that is the subject of a derivative contract or instrument.

UNDERRECORDED normally refers to an understatement as to what a total would be if

all data was accurately included or considered; e.g. underrecorded costs, revenues,
population, etc.

UNDERSTATED is to represent as less than is the case.

USE TAX is a tax on the storing, using, consuming, and sometimes distributing tangible
personal property or providing a taxable service, i.e. you will be subject to the use tax in
the state where that event occurs.

UNRESTRICTED ASSETS are assets / resources which are not restricted for use by
legal or contractual requirements and may be used for any purpose.

UNLIMITED LIABILITY is full liability for the debt and other obligations of a legal
entity. The general partners of a partnership have unlimited liability.