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.
Special Purpose Buoys. There are a number of special purpose buoys that mark everything from anchorages to swimming areas to no-wake zones and danger areas. Pleasure craft operators must learn to identify these buoys and know what they mean. They are depicted and explained in the diagrams that follow.