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underinsurance

When there is not enough insurance to cover the value of the insured property.

unencumbered

An asset that has no money owing on it and no individual or entity has any claim over the asset.

unit price

The value of a company or investment expressed as a single unit. A unit is similar to a company share.

unlisted mortgage scheme

A mortgage scheme that is not listed on a public market, such as the Australian Securities Exchange.

unlisted property trust

A property trust that is not listed on a public market, such as the Australian Securities Exchange.

unsecured loan

A loan for which no asset has been used as security. The interest rate is usually higher than for a secured loan as there is a higher risk to the lender of not getting their money back.

unsolicited calls

See cold calling.

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