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unemployed
- not in employment or receiving any regular salary;
not self-employed. (Could be receiving state benefits.)
unemployment insurance
- see -
accident, sickness and unemployment insurance - (ASU). Insurance cover
arranged by the borrower to protect against inability to meet mortgage
payments.
This cover should more accurately be described as accident sickness and
redundancy insurance as unemployment cover is generally seriously restricted
to cover only events that are entirely beyond the control of the insured
person. Typical exclusions include dismissal following professional
misconduct and any act of voluntary redundancy. The accident and sickness
cover will also be subject to major restrictions such as any act of
self-injury or any injury related to the use of alcohol or drugs.
unencumbered
- property that is owned without borrowing or other
legal charge over it.
unitised with profits
- a form of
with-profits endowment which gives the insurer the ability to adjust, in
certain circumstances, the value of bonuses already allocated in certain
circumstances.
unit linked
- - investments purchased within a collective
investment fund, the price of which is denominated by the underlying value
of the investments within the fund.
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U
unemployed
unemployment
insurance
unencumbered
unitised with
profit
unit linked
Introduction
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