The lender wants to verify the documents provided by the borrower regarding his income details. This is why he sends a request form to the borrower's employer and this form is the Verification of Employment. The lender's primary intention is to check the financial status of the borrower prior to approving the loan.
buoy. n. 1. A float placed in water and usually moored, as to mark a location, enable retrieval of a sunken object, or record oceanographic data. 2.
Port hand buoys are green and starboard hand buoys are red. They show which side of a channel is safest to travel; accordingly, they mark channels or hazards. Generally, green buoys must be passed on the left side of a craft heading upstream, i.e., against the current.