I thought it meant that both the GPU and the CPU can access it. In most systems, GPU memory cannot be accessed by the CPU (without going through the GPU); and vice versa.
CPUs access GPU memory via MMIO (though usually only a small portion), and GPUs can in principle access main memory via DMA. Meaning, both can share an address space and access each other’s memory. However, that wouldn’t be called Unified Memory, because it’s still mediated by an external bus (PCIe) and thus relatively slower.
