Ultimate Reality refers to the sum total of everything that is real in all contexts. It is the container that contains everything that is real and for which there is nothing that is real that is not part of the Ultimate Reality.
Human language is often imprecise. Some might say that the Universe is all of reality. But our universe might be a subset of some greater structure out there. Some people talk about "other realities" which is often nonsense but could refer to other contexts that actually exist but for which we have no contact. It would not however include references to worlds that do not exist.
If looked at in the context of set theory, the Ultimate Reality would be the largest reality set containing all realities and for which there is no bigger set that contain more things that are real. The only things outside of this set is that which is not real. The Church of Reality is a MonoRealistic religion, and the one reality we believe in is the ultimate Reality.
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