Build up your knowledge by using our
mortgage glossary, here to help you
understand the sometimes confusing terms
used to describe mortgages and other
financial related products. We have
laid out our glossary in an easy to use A-Z
Format. If you have any additions you would
like to see, please feel free to contact us
with your ideas. If you are looking for
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| indemnity insurance |
| A policy which covers the insured against the loss of an asset. The purpose of the insurance is to place the insured in exactly the same financial state after a loss as he was in before the loss occur (More) |
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| index |
| An economic indicator, usually a published interest rate.
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| individual voluntary arrangement (iva) |
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An IVA is an alternative to bankruptcy; a person can enter into an IVA and pay the maximum possible amount to the creditors to repay their debts. These are seen as a preferable option than Bankrup (More) |
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| industrial |
| Property used for industrial purposes, such as factories.
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| insolvency |
| The inability of a person or company to settle debts when they become payable.
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| interest only or part interest only mortgages |
| Interest only or part interest only mortgages are where interest is paid on the mortgage each month and all or part of the capital remains outstanding. |
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| interest rate |
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This is the rate at which the interest charged on the mortgage is calculated.
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| interest rate |
| The sum charged for borrowing money, expressed as a percentage
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| intermediary |
| An agent, broker or financial institution who can give advice and act as a middle person between a company and a client conducting investment business.
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| introducing broker (ib) |
| An individual or firm who can perform all the functions of a broker except one. An introducing broker is not permitted to accept money, securities, or property from a customer. |
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