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Armoire
Armoire
A large, ornate cupboard or wardrobe that is used for storage.
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Arboretum
A place where native trees are grown and used for research purposes.
Arch
A curved structure that supports weight over an area, such as a doorway.
Architect
A person who is qualified to design buildings and supervise their construction.
Architectural fees
Compensation paid to a person who designs buildings.
ARM
Adjustable Rate Mortgage is a mortgage loan subject to changes in interest rates.
Armoire
Arm's length
An agreement freely arrived at in the open market, unaffected by abnormal pressure or by the absence of normal competitive negotiation as might be true in the case of a transaction between related parties.
Arpent
An area equal to about 0.845 acres, traditionally used in France, Quebec and Louisiana.
Arrangement fee
Similar to an administration fee, it is paid before the loan is completed. Sometimes refunded, other times added to the loan.
Arranger of credit
As defined under the federal Truth-in-Lending Law, a person who regularly arranges for the extension of consumer credit by another person if a finance charge will be imposed, if there are to be more than four installments, and if the person extending the credit is not a creditor.
Arrears
Payment made after it is due is in arrears. Interest is said to be paid in arrears since it is paid to the date of payment rather than in advance.
This dictionary contains 6433 terms. |
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