|
|
| Inter vivos
|
|
Transactions taking place between living individuals rather than when one of the parties is dead or contemplating death. |
| Inter vivos trust
|
|
Trust which is set up during one's lifetime. |
| Interceptor
|
|
Device for separating grease and oil from drainage system. |
| Intercoat adhesion
|
|
The adhesion between two coats of paint. |
| Interconnection
|
|
A connection or link between power systems that enables them to draw on each other's reserve capacity in time of need. |
| Interest
|
|
Fee paid by borrower for the use of money that is loaned to them. It is a certain percent of the total of the loan. |
| Interest accrual rate
|
|
The rate at which interest is added onto the principal of a loan (accrual). |
| Interest rate
|
|
The percentage of the principal amount of a loan that is charged for use of that loan. This amount determines the monthly payment. |
| Interest rate cap
|
|
Maximum interest rate allowed, during an adjustment period, on the monthly payment of an adjustable rate mortgage. |
| Interest rate ceiling
|
|
Highest interest rate allowed to be charged on an adjustable rate mortgage. |
|
|
|
|
|
