|
| | |
London Inter Bank Offered Rate (LIBOR) Linked Mortgage
London Inter Bank Offered Rate (LIBOR) Linked Mortgage The interest rate tracks this index. It is normally quoted as 6 Month LIBOR and so stays the same for a six-month period.
RELATED TERMS--------------------------------------
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.
Index
A measurement used by lenders to determine changes to the Interest rate charged on an adjustable rate mortgage.
SIMILAR TERMS--------------------------------------
London property
Property in London, Canada. Apartments, flats, houses, offices and other property in London.
Londrina property
Property in Londrina, Brazil. Apartments, flats, houses, offices and other property in Londrina.
PREVIOUS AND NEXT TERMS--------------------------------------
Lock-in clause
A condition in a promissory note that prohibits prepayment of the note.
Lock-in period
The time period during which the lender has guaranteed an interest rate to a borrower.
Lockout
The period during which a loan may not be prepaid.
Loft
A living space not partitioned into rooms or a small space built above a larger room.
Log cabin
Homes constructed of rough-hewn timbers and a standard housing form in the early European settlement of the U.S.
London Inter Bank Offered Rate (LIBOR) Linked Mortgage
Longitude
Distance measured east or west on the earth's surface, measured by the angle which the meridian through a place makes with some standard meridian, as that of Greenwich, Great Britain or Paris, France.
Long-term lease
In most markets, this refers to a lease whose term is at least three years from initial signing to the date of expiration or renewal.
Loss factor
What percentage of the gross area of a space is lost due to walls, elevator, etc. Rule of thumb in Manhattan is approximately 15%.
Loss mitigation
A process to avoid foreclosure; the lender tries to help a borrower who has been unable to make loan payments and is in danger of defaulting on his or her loan
Loss severity
The percentage of principal lost when a loan is foreclosed.
This dictionary contains 6433 terms. |
|
|
