UNDERWRITING (LOAN
QUALIFICATION; RISK ANALYSIS)
The analysis of the extent of risk assumed by a lender in connection with a
proposed mortgage loan. UNILATERAL CONTRACT
An agreement in which only one party promises to perform without receiving a
reciprocal promise to perform from the other party. UNINCORPORATED ASSOCIATION
A group of people associated together for some common, noncommercial purpose. UNITIES (FOUR UNITIES)
Individual prerequisites required to constitute a single joint tenancy. UNLIQUIDATED DAMAGES
The amount of valuable consideration rewarded by a court to an injured party as
a result of a default. (See also Damages.) USURY
Charging a rate of interest greater than the legal one; unlawful interest.
