| I
Index. a measurement used by lenders to determine changes
to the Interest rate charged on an adjustable rate mortgage.
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.
Interest: a fee charged for the use of money .
Interest rate: the amount of interest charged on a monthly
loan payment; usually expressed as a percentage.
Insurance: protection against a specific loss over a
period of time that is secured by the payment of a regularly scheduled
premium.
J
Judgment: a legal decision; when requiring debt repayment,
a judgment may include a property lien that secures the creditor's claim
by providing a collateral source.
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