[roxette]

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