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Indexical - Law Dictionary Search Results

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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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