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Directly from the eBay Help pages:

Last-minute bidding

Placing a high bid in the closing seconds of an auction-style listing is called “sniping” within the eBay Community. Sniping is part of the eBay experience, and all bids placed before a listing ends are valid - even if they're placed one second before the listing ends.

To help avoid disappointment, ensure that the maximum bid you enter on the item page is the highest price that you're willing to pay. The eBay bidding system automatically increases your bid up to the maximum price you specify, so entering a higher maximum may help prevent you from being outbid in the closing seconds of a listing.

How, again, is sniping a UA violation?

 
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