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Index
Index A measurement used by lenders to determine changes to the Interest rate charged on an adjustable rate mortgage.
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Interest
Money paid to a lender as compensation for money that is borrowed.
Rate
Percentage a borrower pays for the use of money, usually expressed as an annual percentage.
Mortgage
A legal document pledging property as security for the payment of a loan.
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Independence property
Property in Independence, USA. Apartments, flats, houses, offices and other property in Independence.
Independent
A brokerage firm operating on-its-own without an affiliation with a regional or national franchise.
Independent bank
A bank that is locally owned and operated, and not associated with a bank holding company.
Independent contractor
One who is retained to perform a certain act, but who is subject to the control and direction of another only as to the end result and not as to how he or she performs the act.
Independent Financial Adviser (IFA)
A qualified professional who is not tied to any company and who can advise you on a range of products including mortgages, insurance and pensions from a range of providers.
Index lease
A lease containing an escalation clause that is tied to an index.
Index method
The appraisal method of estimating building costs by multiplying the original cost of the property by a percentage factor to adjust for current construction costs.
Index rate
The rate to which the interest rate on an adjustable rate loan is tied. At set adjustment periods, the borrower's interest rate will move up or down as the index rate changes.
Index Tracker Mortgage
The interest rate tracks an index such as the base rate or LIBOR and often has a set percentage added to it.
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Incurable defect
A defect in a property that cannot be fixed, such as an adjacent hazardous waste site, or that would cost too much to repair relative to the value of the property.
Independent
A brokerage firm operating on-its-own without an affiliation with a regional or national franchise.
Independent bank
A bank that is locally owned and operated, and not associated with a bank holding company.
Independent contractor
One who is retained to perform a certain act, but who is subject to the control and direction of another only as to the end result and not as to how he or she performs the act.
Independent Financial Adviser (IFA)
A qualified professional who is not tied to any company and who can advise you on a range of products including mortgages, insurance and pensions from a range of providers.
Index
Index lease
A lease containing an escalation clause that is tied to an index.
Index method
The appraisal method of estimating building costs by multiplying the original cost of the property by a percentage factor to adjust for current construction costs.
Index rate
The rate to which the interest rate on an adjustable rate loan is tied. At set adjustment periods, the borrower's interest rate will move up or down as the index rate changes.
Index Tracker Mortgage
The interest rate tracks an index such as the base rate or LIBOR and often has a set percentage added to it.
Indirect costs
Development costs other than direct material and labor costs that are directly related to the construction of improvements, including administrative and office expenses, commissions, architectural, engineering and financing costs
This dictionary contains 6433 terms. |
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