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.
On the vessel side, the hawser includes a chafe chain arrangement to protect it against excessive damage from contact with the vessel bow. On the buoy side, the hawser is connected to a load pin by means of special shackles. The load pin measures the load in the hawser during the mooring. This enables the operators to record load history and the remaining lifetime of the hawser in order to ensure its timely replacement.