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U.S. Customs Service

The government agency that imposes fees on imported and exported goods and is responsible for collecting such fees. Also called Customs.


An improvement that is less than a property's highest and best use.


The analysis and matching of risk to an appropriate rate or term.

Underwriting Fee

A charge for underwriting a loan during the review process.

Unencumbered Property

A property with a title that is free and clear.


An apartment, condominium or piece of property used independently. Under law, each unit owner has access to a public way and holds interest in the surrounding common elements.

Unit Load Device (ULD)

A container or pallet used for air carriage to facilitate ground handling at airports as well as the loading and unloading of the aircraft.


All the containers packed by Matco will be unpacked at the destination.


Charging an interest rate in excess of what the law allows.