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underwriting
|
The process of evaluating a loan application to determine the
risk involved for the lender. Underwriting involves an analysis
of the borrower's creditworthiness and the quality of the
property itself. |
unencumbered
|
Property that is free of liens and other encumbrances. |
usury
|
A reference to illegally excessive interest charged on any
loan. |
utilities
|
Services, such as gas, electricity, water, sewers, which are
required in any dwelling and for which the owner must pay
separately. |
