Tag: loan
Underwater Mortgage
Home Ownership by Country Underwater Mortgage Underwater mortgage is a mortgage loan whose balance is higher than the fair market value of the home....
Unchanged
What is 'Unchanged' A situation in which the price or rate of a security does not change between two periods. This can...
Underbanked
DefinitionThe underbanked is a characteristic describing people or organizations who do not have sufficient access to mainstream financial services and products typically offered by...
Underwater
What is 'Underwater' An option that would be worthless if it expired today. An underwater option may be either a call or...
Unsecured Loan
DefinitionIn finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a...
Uncommitted Facility
What is 'Uncommitted Facility' An uncommitted facility is an agreement between a lender and a borrower where the lender agrees to make...
U.S. League Of Savings Institutions
What is 'U.S. League Of Savings Institutions' A now-defunct nationwide organization of savings institutions. The U.S. League of Savings Institutions was created...
UCC-1 Statement
What is 'UCC-1 Statement' One of the standard mortgage documents listed in the Uniform Commercial Code. The UCC-1 Statement lists and describes...
Credit Card
DefinitionA credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on...
Home Mortgage
DefinitionA mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by...