Glossary-U

Under-valuation

  • Value of the property below the fair market price

Unsecured Loan

  • Loan which is not taken against a collateral security

Underwriting

  • A process to analyze whether the risk involved in giving a loan is acceptable to the lender or not

Useful Life

  • Useful life denotes the period for which a property is in its usable state

Usury

  • Rate of interest charged over and above the stated law