The process of analyzing a borrower's capability
to honor repayment of a loan (evaluating his or her credit, assets, employment)
along with the value of the property being purchased, to help minimize the risk
involved for the party lending the purchase money
Unilateral contract
A one-sided contract in which only one party is
legally under obligation by the terms of the contract; one party promises an
action to the second party, who is not legally required to respond, but if the
second part does comply, then the first party is obligated to honor the promise
made
Unsecured loan
A loan that is not guaranteed by
collateral
Usury
The act of charging more than the maximum rate
of interest permitted by law
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Pacific Ocean Properties, Inc., Kauai's Premier Real Estate Company, provides a full range of real estate brokerage and resort development services. From our prime sales office on the south shore of Kauai on the grounds of the historic Kiahuna Plantation, we specialize in marketing resort properties and residential real estate on Kauai and in the Poipu area. Since 1987 Pacific Ocean Properties has sold over $900,000,000 worth of real estate.
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