|
| | |
Rate index
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.
RELATED TERMS--------------------------------------
Interest
Money paid to a lender as compensation for money that is borrowed.
Debt
An amount owed to another.
Bank
An institution that acts as a financial intermediary by receiving money from depositors and lenders and also lending to borrowers.
SIMILAR TERMS--------------------------------------
Rate
Percentage a borrower pays for the use of money, usually expressed as an annual percentage.
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 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.
Rate-improvement mortgage
A home loan that allows the borrower a one-time interest rate cut without paying refinancing charges.
PREVIOUS AND NEXT TERMS--------------------------------------
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
Percentage a borrower pays for the use of money, usually expressed as an annual percentage.
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
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.
Rate-improvement mortgage
A home loan that allows the borrower a one-time interest rate cut without paying refinancing charges.
Ratification
Method of creating an agency relationship in which the principal accepts the conduct of someone who acted without prior authorization as the principal's agent.
Rating
Grade, assigned by a rating agency, designating the credit quality or creditworthiness of the underlying assets.
This dictionary contains 6433 terms. |
|
|
