One who is affected by the use of drugs so that they are unable to behave properly and/or unable to use reasonable discretion and sound judgement. One whose mental and physical faculties are impaired by the effects of drug usage. … [Read more...]
UNDERTOOK
Assumed; promised. 2. This is a technical word which ought to be inserted in every declaration of assumpsit, charging that the defendant undertook to perform the promise which is the foundation of the suit; and this though the promise be founded on a legal liability, or would be implied in evidence. … [Read more...]
UNDER WATER
Slang term for a debtor who is owes on a loan far in excess of the value of the security for the loan, e.g. the current value of the home is far less than the outstanding mortgage. … [Read more...]
UNDER-TREASURER OF ENGLAND
He who transacted the business of the lord high treasurer. … [Read more...]
UNDERCAPITALIZATION
When a company does not have sufficient cash to carry on its business, usually used to describe starting businesses where the owners or incorporators do not place enough cash in deposit to run the business. … [Read more...]