The Law Dictionary

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The Act which allows a named beneficiary to inherit securities (stocks or bonds) without needing probate. The statute allows the securities owner to register the stocks or bonds with a broker via a form which names the beneficiary who will receive the property after the death of the owner. … [Read more...]

UNEARNED INCOME

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Income that is from sources other than employment, e.g. dividends, capital gain, passive investments. … [Read more...]

UNIFORM TRANSFERS TO MINORS ACT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

An Act adopted by a majority of states providing for a way that property may be transferred to minors while having an adult manage the property until the child reaches the age of an adult. See also a custodian. … [Read more...]

UNEMPLOYMENT INSURANCE (UI)

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The federal and state governments created this program to provide financial benefits for a period of time after being laid off from work, typically 26 weeks but regulations change as tot he duration. The amount received by the unemployed person is based upon the amount of former pay and is considerably less than that salary. It is to help the unemployed person deal with the … [Read more...]

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