Undivided Interest – Title to property owned by two or more persons, none of whom are entitled to claim or possess any specific part.

Unilateral Contract – A contract whereby only one party is obligated to perform his obligation to another.

Unmarketable Title – A title containing substantial defects which might cause a prospective purchaser to suffer title litigation and possible loss.

Upset Price – The minimum price at a foreclosure sale below which the property cannot be sold.

Usury – Charging a rate of interest on a loan greater that that permitted by law. It is presently 12% on personal loans.