Unapplied Funds
Available money credited to a temporary holding (suspense) account, pending determination
or instruction on the breakdown of how the money is to be allocated.
Underwriting
The analysis of risk involved in making a mortgage loan to determine whether the
risk is acceptable to the lender. Underwriting involves evaluating the property
as outlined in the appraisal report, and also evaluating the borrower's ability
and willingness to repay the loan.
Unsecured Personal Loan
A loan that is not backed by collateral.