Adjustment Interval - Law Dictionary Search Results
Home Dictionary Name: adjustment intervaladjustment 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 ...
Lucid Interval
Lucid Interval. By a lucid interval is understood, in a legal sense, a temporary cessation of the insanity or a perfect restoration to reason. It differs entirely from a remission, in which there is a mere abatement of the symptoms. See per Lord Thurlow in Attroney-General v. Parnther, (1792) 3 Bro. C. C. 442; also Ray's Med. Jur. of Insan.; Beck's Med. Jur.; and Browne's Med. Jur. of Insan....
adjust status
adjust status 1) To change from a nonimmigrant visa status or other status 2) To adjust the status of a permanent resident (green card holder). Source: Department of State. March 2007. ...
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 ...
adjustment 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 ...
modified adjusted gross income
modified adjusted gross income There are different definitions for different purposes. It is usually the adjusted gross income with various items added back in. ...
Adjustment of a loss
Adjustment of a loss [fr. adjuster, Tr., to make event], the settling and ascertaining the amount of the indemnity which the assured, after all allowances and deductions made, is entitled to receive under the policy, and fixing the proportion which each underwriter is liable to pay. See York-Antwerp Rules, 1890, (English) Marine Insurance Act, 1906 (6 Edw. 7, c. 41), and Lowndes on Average...
adjust
adjust 1 a : to determine the amount to be paid under an insurance policy in settlement of (a loss) b : to make new arrangements with creditors for the payment of (the debts of a debtor in bankruptcy) 2 : to calculate in accordance with a system [ing the basis] ...
adjustable rate mortgage
adjustable rate mortgage see mortgage ...
adjusted basis
adjusted basis see basis ...
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