JSN ImageShow - Joomla 1.5 extension (component, module) by JoomlaShine.com
Home 
Glossary
Glossary
Glossary | |
| Terms that are on use on this site. | |
| You can always search for entries (regexp permitted). | |
| I | |
| There are 7 entries in the glossary. | |
| Pages: 1 | |
| Term | Definition |
| Inquiry | An item on your credit report that shows that someone with a "permissible purpose" under FCRA regulations has previously requested a copy of your credit report data. |
| Installment Account | A type of loan where the borrower makes the same payment each month. This includes personal loans and utomotive loans. Mortgage loans are also installment accounts but are usually classified by the credit reporting system as real-estate accounts instead. |
| Interest Rate | A measure of the cost of credit, expressed as a percent. For variable-rate credit card plans, the interest rate is explicitly tied to another interest rate. The interest rate on fixed-rate credit card plans, though not explicitly tied to changes in other interest rates, can also change over time. |
| Interest-Only Loan | A type of loan where the repayment only covers the interest that accumulates on the loan balance and not the actual price of the property. The principal does not decrease with the payments. Interest-only loans usually have a term of 1-5 years. |
| Introductory Rate | A temporary, low interest rate offered on a credit card in order to attract customers. This low rate usually lasts for about six months before converting to a normal fixed or variable rate. With some offers, the introductory rate can be revoked or terminated early if you make a late payment or violate some other terms of the account. |
| IPO | Initial Public Offering, a process where a corporation offers stock to the general public. |
| IRA | Individual Retirement Account, a tax advantaged account for saving money intended to assist individuals in ensuring their own retirement. (see: Roth IRA; Traditional IRA) |
| Glossary V2.0 | |
