Navigation
  #1  
Old 06-21-2005, 04:51 AM
roxette roxette is offline
Senior Member
 
Join Date: Mar 2005
Posts: 4,130
Credits: 51,229
Default Debt Glossary for alphabet "U"

Hi,

I have enlisted all the major terminologies related to debt under alphabet U below -

Underwriting: Procedure dealing with the evaluation of a particular property as mentioned in the appraisal report. It also deals with the borrower's creditworthiness and capacity and willingness to repay a particular loan.

Underwriting Fee: The underwriting fee includes the total cost pertaining to the evaluation and estimation of a loan, an individual's credit report and its latest status in order to determine an his credit worthiness as an applicant for a loan.

Usury: The additional interest charges on the legal rates that are enforced by the law.

Unsecured Debt: A debt or loan which is not backed by collateral. Unsecured debts are usually a verbal commitment that has no security attached to it in case the borrower undergoes a default during repayment of a loan amount. Personal loans, credit card bills, medical bills are some typical examples of unsecured debts.

Regards
Roxette
Reply With Quote Quick reply to this message
Reply

Quick Reply
Name:
Message:
Remove Text Formatting
Bold
Italic
Underline

Insert Image
Wrap [QUOTE] tags around selected text
 
Decrease Size
Increase Size
Options

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -8. The time now is 05:55 AM.




About Us | Contact Us | Affiliate | Sitemap | Espanol | RSS Feeds| Terms of Services Navigation