Adjustment Index - Law Dictionary Search Results
Home Dictionary Name: adjustment indexadjustment index
adjustment index the published market index used to calculate the interest rate of an ARM at the time of origination or adjustment. Source: U.S. Department of Housing and Urban Development ...
cost of funds index (cofi)
cost of funds index (cofi) an index used to determine interest rate changes for some adjustable-rate mortgages. Source: U.S. Department of Housing and Urban Development ...
adjustable-rate mortgage (arm)
adjustable-rate mortgage (arm) a mortgage loan that does not have a fixed interest rate. During the life of the loan the interest rate will change based on the index rate. Also referred to as adjustable mortgage loans (AMLs) or variable-rate mortgages (VRMs). Source: U.S. Department of Housing and Urban Development ...
treasury index
treasury index can be used as the basis for adjustable rate mortgages (ARMs) It is based on the results of auctions that the U.S. Treasury holds for its Treasury bills and securities. Source: U.S. Department of Housing and Urban Development ...
adjustment interval
adjustment interval the time between the interest rate change and the monthly payment for an ARM. The interval is usually every one, three or five years depending on the index. Source: U.S. Department of Housing and Urban Development ...
Hygrodeik
A form of hygrometer having wet and dry bulb thermometers with an adjustable index showing directly the percentage of moisture in the air etc...
index
index : a numerical measure or indicator (as of inflation or economic performance) see also consumer price index vt : to link (as wages, rates, or investments) to an index [under the contract wages were ed to inflation] ...
Index
To provide with an index or table of references to put into an index as to index a book or its contents...
Cost of living index number
Cost of living index number, in relation to employees in any scheduled employment in respect of which minimum rates of wages have been fixed, means the index number ascertained and declared by the competent authority by notification in the Official Gazette to be the cost of living index number applicable to employees in such employment. [Minimum Wages Act, 1948 (11 of 1948), s. 2 (d)]...
cost-of-living index
cost-of-living index : consumer price index ...
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