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
What a piece of property could be sold for on the market. ...
Credit note which a lender's only security is the borrower's personal financial situation and credit history. ...
the loan rate stated on the face of the loan note. The nominal loan rate is not the same as the effective interest rate. For example, if points are charged to secure a loan, the effective ...
What is a turnkey property? A turnkey property is a very popular type of investment property that real estate investors prefer because it starts bringing a return on investment quickly. ...
Window(s) situated on top of a structure to furnish air and light for the inside. ...
Those factors causing the movement of people, industry, and business from the central city to the outside central city areas, suburbs, and/or small cities. Elements of the dispersing force ...
Two-story house where the front door is located above the first floor but below the second floor. ...
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Mortgage for residential property. ...
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