Definition of "Index"
- In real estate, the basis to set an adjustable rate mortgage, such as a 6-month certificate of deposit (CD) rate, cost of funds index, or prime rate.
- A statistical measure stated as percentage of a base period, For example, the Department of Commerce's Consumer Price Index (CPI) is based on 1982-1984 as 100. An index unlike an average, weighs prices by the size of the components
Popular Real Estate Terms
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Agreement between the seller and buyer involving the terms of sale. ...
protective wall along a roof or below a terrace. ...
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Wedge-shaped step found on a spiral staircase with a wider tread on its outside portion. ...
Amount received when property is changed from one use to another. ...
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