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Covenants in spotlight as banks reduce ‘headroom’ on company debt - Financial Times
Mark Pain describes it as one of the most difficult periods of his 25-year career – involving round-the-clock work at an incredible intensity. The finance director of Barratt Developments is referring to four months spent renegotiating the ...

Accept the reality of private health care: CMA chief - Globe and Mail
R Miller from Halifax, Canada writes: I have to applaud Dr. Ouellet's brave decision to allow competition into Canada's entirely overburdened, publically funded health-care system... Hopefully, this decision will solve some access problems... Dr ...

Seawall divides city - Corpus Christi Caller
George Gongora/Caller-Times State law creates a public easement of 200 feet along all beaches. By the mid-1990s, the beach (seen at high tide) had eroded so much that nearby hotels and condos were within the public easement. The state Legislature ...

INDUSTRY NEWS & PEOPLE March 2007 - Business Travel Executive
The NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...

Big-ticket buys are dreams for many; Homes, new cars sit on the market ... - Eagle-Tribune
... rugs, bath mats and shower curtains ... rugs, that ideal combination of style & quality is hard to achieve. It's even worse trying to pick shower curtains or bathroom mats that perfectly match ...

Suit stalls work on Calallen schools - Corpus Christi Caller
A suit filed against the Calallen Independent School District has stalled $43 million in voter-approved bonds for school facility improvements. The suit, filed in 214th District Court by Calallen resident Karen Ford on Dec. 4, alleges the school ...

More Than a Rabble Rouser? - Inside Higher Ed
A man who mobilized a virtual battalion of unhappy borrowers after defaulting on his own student loans — and has since served as a poster boy for the loan reform he’s seeking in media outlets nationwide — is now trying to raise the stakes ...

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Today's Mortgage Terms starting with U

  • Underwriting: It is the process of quantifying the risks involved in a specific loan and setting suitable terms and conditions for a mortgage.
  • URLA: Uniform residential loan application.
  • Usury: Interest charged in excess of the legal rate as established by law.

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