Indexical - Law Dictionary Search Results
Dow Jones Industrial Average
an index of certain stock prices on the New York Stock Exchange
adjustable-rate mortgage (arm)
the loan the interest rate will change based on the index rate. Also referred to as adjustable mortgage loans (AMLs) or
adjustment interval
usually every one, three or five years depending on the index. Source: U.S. Department of Housing and Urban Development
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discount point
the ARM rate will probably go up depending on the index rate. Source: U.S. Department of Housing and Urban Development
floater
floating policy 2 : a debt security that yields an indexed variable rate of interest ;esp : floating rate note at
life insurance
characterized by flexible premiums, benefits, and payment schedules, by the indexing of cash value to money market interest rates, and by
mortgage
fixed rate but which is adjusted periodically according to an index (as the cost of funds to the lender) balloon mortgage
note
floating rate note : a negotiable note that yields an indexed and periodically adjusted variable rate of interest called also floater
Deadbeat
of galvanometers and other instruments in which the needle or index moves to the extent of its deflection and stops with
fingerboard
a guidepost resembling a hand with a pointing index finger
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