Top: Business: Finance and Insurance: Mortgages: Terminology: I



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Index

a measurement used by lenders to determine changes to the Interest rate charged on an adjustable rate mortgage.


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Inflation

the number of dollars in circulation exceeds the amount of goods and services available for purchase; inflation results in a decrease in the dollar's value.


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Interest

a fee charged for the use of money.


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Interest rate

the amount of interest charged on a monthly loan payment; usually expressed as a percentage.


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Insurance

protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium. 



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