Help & Glossary
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U
Underwriter - Same as Insurer.
Uniform Commercial Code - This body of laws have been adopted by most states and are a rewriting of the old law into a simplified uniform format for better business practices and procedures.
Unit - In collections, a term used to refer to the vehicle or other collateral for the loan or lease.
Usury Rate - A rate of interest that exceeds the legal limit.
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