Business and Personal Finance Dictionary

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• RATE CAP - The limit on the amount the interest rate can be increased at each adjustment period in an a...
  
  
• RATE CAP INSURANCE - Rate cap insurance limits how much the interest rate can increase during the float...
  
  
• RATE COMMITMENT - A written promise by a lender to lend money to a borrower at a stated rate of interes...
  
  
• RATE COVENANT - A provision in the bond agreement or resolution that addresses the rate or method used ...
  
  
• RATE FACTOR - The number of dollars required to pay off each $1,000 of a mortgage loan.
  
  
• RATE GUARANTEE (LOCK-IN) - A guarantee that the rate in effect when you apply will be the final rate wh...
  
  
• RATE INDEX - A table of yields or interest rates being paid on debt (such as Treasury notes or bank dep...
  
  
• RATE INDEX (INDEX) - An index used to adjust the interest rate of an Adjustable Rate Mortgage (i.e.: CO...
  
  
• RATE INTERMEDIATION - borrowing funds at short-term interest rates and lending the funds at longer term...
  
  
• RATE LOCK - A way you can establish that the interest rate on your loan remains the same between the ti...