Utilization review
The process of evaluating the medical necessity and effectiveness of a medical treatment or procedure, often done by insurance companies.
Underwriting
The process of evaluating the risk of insuring or lending to a particular individual or entity, and determining the terms and conditions of the insurance or loan.
Unemployment rate
The percentage of the labor force that is currently without work but actively seeking employment.
Uptick rule
A rule that prohibits short selling of a stock unless the price of the stock has increased from the previous trade.
Union
An organization of workers who have joined together to advocate for their rights and interests, such as better wages or working conditions.
Unit trust
A type of investment fund in which the assets are managed by a professional fund manager and are held in trust for the benefit of the investors.
Universal default
The practice of applying a higher interest rate to a credit card account if the cardholder is late or delinquent on payments to any other creditor.
Usury
The charging of excessively high interest rates on a loan or credit.
Utilization rate
The percentage of a resource that is used or consumed, such as the utilization rate of a machine or the utilization rate of an employee's time.
Unsecured loan
A loan that is not backed by collateral, such as a mortgage or car loan.
Utility
A service, such as electricity or water, that is provided to the public.
Upward trend
A trend that shows an increase or improvement over time.
Urbanization
The process of a region or area becoming more urban, typically through the migration of people from rural to urban areas.
User fee
A fee charged to a user for a specific service or access to a resource, such as a park entrance fee or a toll on a bridge.
User experience
The overall experience of a user with a product or service, including usability, satisfaction, and overall performance.