Unallocated reserves Potential expenditure provision not allocated to a particular use. It mainly consists of the contingency reserve and amounts of money left unallocated by provinces.

Unit labour cost The cost of labour per unit of output. Calculated by dividing average wages by productivity (output per worker per hour).

User charge Payments made in exchange for direct benefits accrued, e.g. road toll fees.

Usufruct The right  to use and derive profit from property that is owned by another provided the property is not damaged or altered in any way.