UNDERWRITER:
A person who reviews and evaluates an application for a loan or insurance policy.

UNDERWRITING:
The decision as to whether or not to accept a loan or insurance application.

UNSECURED LOAN:
A loan in air, with no asset pledged as collateral or security for it.

UPSET PRICE:
An amount set by the court which creates the reserve bid for an auction of property; the property may not be sold for less than the upset price.

USURY:
The illegal act of charging extremely high interest rates on a loan.