| UNDERBIDDER
|
|
The person who makes the second-highest bid at an auction. |
|
| UNDERLET |
|
Let at a rental below the current market level. |
|
| UNIMPROVED
VALUE |
|
The notional value of land as though it had no buildings erected
on it (contrast "Improved Value"). |
|
| UNLISTED
PROPERTY TRUST |
|
A unit trust with the bulk of its assets invested
in property and which is not listed on the stock exchange. |
|
