GLOSSARY

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undepreciated capital cost (ucc)

An account which includes the purchase price of all assets belonging to the same class less all CCA accrued over time for that class.

undertaking

A promise given in the course of legal proceedings by a party or his lawyer, generally as a condition to obtaining some concession from the opposite party.

undue influence

Any improper or wrongful constraint, manipulation, or persuasion whereby the will of a person is overpowered and he is induced to do or refrains from doing an act which he would not do or would do if left to act freely.

unlimited liability

The obligation of an owner to pay his creditors from his personal assets if his company cannot pay its debts. Contrast to Limited Liability.

usury

In law, referring to regulating the charging of interest rates. Historically, charging interest on money lent or the taking of any compensation whatever for the use of money offended the usury laws which disallowed this practice.