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One year ARM
One year ARM A 1-year ARM is an adjustable-rate mortgage (ARM) that has an initial interest rate for one year, and thereafter has an adjustment interval of one year.
RELATED TERMS--------------------------------------
Mortgage
A legal document pledging property as security for the payment of a loan.
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.
Adjustment
Decrease or increase in the sales price of a comparable property to account for a feature that the property has or does not have in comparison with the subject property.
SIMILAR TERMS--------------------------------------
One hundred and eighty-two day T-bill auction average discount rate
The U.S. government issues short-term debt at a discount at a competitive auction, usually on a weekly basis. At a discount means the note is sold at a discount from face value and then redeemed at maturity at the full face value.
One hundred percent commission plan
Some firms have adopted a 100 percent commission plan. Salespersons in these offices pay a monthly service charge to their brokers to cover the costs of office space, telephones and supervision in return for keeping 100 percent of the commissions from the sales they negotiate.
One stop shopping
An arrangement where settlement and service providers are all available through the broker.
One year ARM refinance
A 1-year ARM is an adjustable-rate mortgage (ARM) that has an initial interest rate for one year, and thereafter has an adjustment interval of one year.
One year treasury spot index
This index is the weekly average interest paid by the u.s. government on funds borrowed for one year. It changes more slowly than the cd index.
PREVIOUS AND NEXT TERMS--------------------------------------
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Property in Oxford, Great Britain. Apartments, flats, houses, offices and other property in Oxford.
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Property in Oyama, Japan. Apartments, flats, houses, offices and other property in Oyama.
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Property in Oyo, Nigeria. Apartments, flats, houses, offices and other property in Oyo.
One hundred and eighty-two day T-bill auction average discount rate
The U.S. government issues short-term debt at a discount at a competitive auction, usually on a weekly basis. At a discount means the note is sold at a discount from face value and then redeemed at maturity at the full face value.
One year ARM
One year ARM refinance
A 1-year ARM is an adjustable-rate mortgage (ARM) that has an initial interest rate for one year, and thereafter has an adjustment interval of one year.
Obedience
The fiduciary relationship obligates the agent to act in good faith at all times, obeying the principal's instructions in accordance with the contract. However, that obedience is not absolute.
Obligatory advance
Any advance which, under the terms of the credit line deed of trust or other agreement, the secured party has legally obligated itself to make in the absence of a default, breach, or other such event.
Obligee
The person who will receive the outcome of an obligation.
Obligor
An individual who has engaged to perform an obligation to another person (i.e., obligee).
This dictionary contains 6433 terms. |
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