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Six-month Certificate of Deposit (CD) Spot Index
Six-month Certificate of Deposit (CD) Spot Index This index is the weekly average of the interest rates paid by institutions on negotiable six-month certificates of deposit.
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Index
A measurement used by lenders to determine changes to the Interest rate charged on an adjustable rate mortgage.
Interest
Money paid to a lender as compensation for money that is borrowed.
Deposit
A cash lump sum, usually expressed as a percentage of the value of the property, given by the buyer to the seller.
SIMILAR TERMS--------------------------------------
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Singlefamily, owner occupied dwellings
A dwelling which will be owned and occupied by a signatory to the mortgage or deed of trust secured by such dwelling within 90 days of the execution of the mortgage or deed of trust.
Site analysis
Determines the suitability of a specific parcel of land for a specific use.
Site development
The installation of all necessary improvements made to a site before a building or project can be constructed on the site.
Site plan
A detailed plan that depicts the location of improvements on a parcel.
Situs
The location of a property.
Six-month Certificate of Deposit (CD) Spot Index
Skip payment mortgage
A feature built into some mortgages where the borrower can choose not to make the payment in a given month.
Skylight
A window in a roof that allows natural light to illuminate a room.
Slab
The exposed wearing surface laid over the structural support beams of a building to form the floor(s) of the building.
Slab foundation
A foundation built directly on soil with no basement or crawl space.
Slider window
A window that is composed of two windows, or sashes, that glide open and closed on a metal track.
This dictionary contains 6433 terms. |
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