See LAND … [Read more...]
UPSUN
In Scotch law. Between the hours of sunrise and sunset. Poinding must be executed with upsun. 1 Forb. Inst pt 8, p. 32. … [Read more...]
UNSEAWORTHY
See SEAWORTHY … [Read more...]
UPTIME
The time that something is operational and in working order. The opposite of downtime. … [Read more...]
UNSECURED DEBT
A debt that does not have a security or collateral pledged. In the event he debtor defaults, the creditor cannot seize any property which the loan may have been used to purchase. The creditor may only sue for money damages pursuant to a judgment. See Secured Debt. … [Read more...]