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Underwriting: In mortgage lending, the process of determining the risks involved in a particular loan and establishing suitable terms and conditions for the loan.

Undivided Interest
:Ownership of real estate by joint tenants or tenants in common under the same title.

Uniform Commercial Code (UCC):Standardized set of guidelines protected by law that set down how business transactions must be conducted.

Unseasoned:A lease or note that has had few, if any, payments made.

Unsecured:Without security.

Usury:The charging of more interest than is allowed by law.