Nominal Interest Rate

Definition of "Nominal interest rate"

Interest rate credited on three-month United States Treasury bills.

Search Real Estate Glossary

Related Real Estate Glossary terms

Mortgage Banking Software

Computer software packages designed to serve mortgage banking functions, such as mortgage loan accou ...

Telegram Proposal Of Insurance

Binding contract for insurance completed by telegraph. The law has recognized the date an insurance ...

Direct Liability

Legal obligation of an individual or business because of negligent acts or omissions resulting in bo ...

Insolvency

Bankruptcy. If an insured business firm becomes bankrupt, the circumstance does not relieve an insur ...

Loan Value

Amount that a policyowner can borrow from a cash value of a permanent life insurance policy. ...

Accrue

To accumulate. For example, under one of the dividend options of a participating life insurance poli ...

Related Real Estate FAQ

What Is An Overall Debt Ratio?

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-t ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

Who Is A Subagent?

A subagent is an agent who works with you to purchase a house but is paid by the seller. ...

What Is A Gated Community?

A gated community is a community of homes where you must pass through a security gate in order to en ...

What Are My Coverage Options?

Our agents have a wide range of coverages available, as well as an array of choices for limits and d ...

What Is A Contingency?

A contingency is a provision included in a sales contract stating that certain events must occur or ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

5 signs of house foundation problems Build or Buy? That’s the Big Question Short Sale Homes How To Get A Loan with Bad Credit How To Choose A Realtor

FAQ

What do I need to know about Indemnity Insurance? What do I need to know about Condominium Insurance? What is a fixed-rate mortgage? What is escrow? Should I Pay Points for a Lower Rate?