Legal Dictionary

Tag: Interest

  • Interest

    Interest

    Legal Definition and Related Resources of Interest Meaning of Interest In relation to being objectively concerned in something, by having a right or title to, a claim upon, or a share in. legal concern in a thing; especially right or title to […]

  • Interest Rate

    Interest Rate

    Concept of Interest Rate in the context of Real Property A short definition of Interest Rate: The percentage of an amount of money which is paid for its use for a specified time. Usually expressed as an annual percentage. Concept of Interest Rate in the context of Real Property A short […]

  • Interest Rate

    Interest Rate

    Concept of Interest Rate in the context of Real Property A short definition of Interest Rate: The percentage of an amount of money which is paid for its use for a specified time. Usually expressed as an annual percentage. Concept of Interest Rate in the context of Real Property A short […]

  • Interest Accrual Rate

    Concept of Interest Accrual Rate in the context of Real Property A short definition of Interest Accrual Rate: The percentage rate at which interest accrues based on the terms of the note. Example: A fixed rate loan of 6% per year would have an accrual rate of 6%. An adjustable rate loan would […]

  • Interest Rate Floor

    An interest rate agreement in which payments are made when the reference rate falls below the strike rate….

  • Interest Rate Trends

    Concept of Interest Rate Trends in the context of Real Property A short definition of Interest Rate Trends: The direction of interest rates. Higher rates usually predict a slowdown in real estate sales and mortgage refinancing. Lower rates predict the opposite.

  • Interest Rate Trends

    Concept of Interest Rate Trends in the context of Real Property A short definition of Interest Rate Trends: The direction of interest rates. Higher rates usually predict a slowdown in real estate sales and mortgage refinancing. Lower rates predict the opposite.

  • Interest Extra Note

    Concept of Interest Extra Note in the context of Real Property A short definition of Interest Extra Note: A note stating an equal (usually monthly) payment on principal, plus interest. As the interest decreases (based on declining principal balance) the total payment decreases. The amount […]

  • Interest Only Mortgage

    Concept of Interest Only Mortgage in the context of Real Property A short definition of Interest Only Mortgage: A mortgage under which the principal amount borrowed is repaid in one payment. Periodic interest payments are made

  • Interest Included Note

    Concept of Interest Included Note in the context of Real Property A short definition of Interest Included Note: A note having equal payments (usually monthly). Interest is figured on the declining principal balance. As the principal decreases, interest also decreases, applying more of each […]

  • Interest Rate Buydown Plan

    Interest Rate Buydown Plan in the context of Real Property See: Buydown in this legal Dictionary.

  • Interest Only Note

    Interest Only Note in the context of Real Property See: Interest Only Mortgage in this legal Dictionary.

  • Interest Rate Ceiling

    Related: interest rate cap….

  • Interest Rate Cap

    Also called an interest rate ceiling, an interest rate agreement in which payments are made when the reference rate exceeds the strike rate….