Value estimate provided by someone who has no participation in ownership of the property in question.
Independent chuck
A lathe chuck, which has four independently moving, jaws to enable the item to be exactly center with the use of a dial indicator.
Independent contractor
One who is hired to do a particular job and is subject to the direction of the person in charge. Independent contractors pay for their own expenses and taxes and are not viewed as employees with benefits.
Independent power producer
A company or individual that is not directly regulated as a utility. These entities produce power for their own use and/or sell it to regulated utilities.
Indeterminate
Being able to grow for an indefinite period of time (i.e. many tomatoes].
Index
(1) Financial tables used by lenders to calculate interest rates on adjustable mortgages and Treasury bills. (2) Statistic that indicates some current economic or financial condition.
Index lease
A rental contract in which the tenant's rental is tied to a change in the price level, such as the Gross National Price Deflator.
Index of leading economic indicators
This index indicates the direction of the economy in the next six to nine months and helps to forecast business trends. This series of 11 indicators is calculated and published monthly by the U.S. Department of Commerce.
Index of refraction
Indication showing the speed of light in a medium.
Index of residential construction cost
Index of the costs to construct residential properties.
