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Rate
Rate Percentage a borrower pays for the use of money, usually expressed as an annual percentage.
RELATED TERMS--------------------------------------
Borrower
A person who has been approved to receive a loan and is then obligated to repay it and any additional fees according to the loan terms.
Annual
Any kind of plant that must be planted every year.
SIMILAR TERMS--------------------------------------
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Radon
A naturally occurring gas that is suspected of causing lung cancer.
Rafter
A roof structural support system using "2 by" wood components that are nailed together.
Rammed-earth construction
An alternative building process in which dirt is compacted into large structural frames to create walls.
Ranch style
Modern ranch-style homes, popularized in the 1950s, were championed by such architectural giants as Frank Lloyd Wright.
Range
1) A measure of the difference between the highest and lowest variates. 2) A strip of land six miles wide, extending north and south and numbered east and west according to its distance from the principal meridian in the rectangular (government) survey system of legal description.
Rate
Rate cap
The limit on the amount the interest rate can be increased at each adjustment period in an adjustable rate loan.
Rate factor
The number of dollars required to pay off each $1,000 of a mortgage loan.
Rate index
A table of yields or interest rates being paid on debt (such as Treasury notes or bank deposits) that is used to determine interest-rate changes for adjustable-rate mortgages and other variable-rate loans.
Rate lock
A commitment issued by a lender to a borrower or other mortgage originator guaranteeing a specified interest rate for a specified period of time at a specific cost.
Rate sheet
Printed card that gives the price charged for each room, crib, extra person and pets.
This dictionary contains 6433 terms. |
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