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| Undisclosed spouse
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A marital partner, who is not mentioned in a will but can claim a right to a piece of property. |
| Undivided interest
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Ownership by two or more persons, which entitles each to the right to use the entire property. |
| Undressed lumber
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Lumber that is not squared or finished smooth. |
| Undue influence
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When a person is forced to perform in a certain manner due to excessive influence, pressure or fear brought by another party and may be used to void a contract. |
| Unearned income
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Income received for work not yet finished, such as payment in advance for contracting work. |
| Unearned increment
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An increase in the value of a property, which is not due to any effort on the part of the owner. |
| Unemployment
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Nonavailability of jobs for people able and willing to work. |
| Unemployment insurance
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State run insurance program, funded by employers and payroll taxes, that provides workers with weekly payments when they are fired or laid off. |
| Unencumbered
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Real estate that is fear and clear of liens and obligations, such as a house without a mortgage. |
| Unenforceable
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Contract that is not able to be legally enforced by the courts, such as contracts with minors and those containing fraud. |
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