Browsing Debt Glossary by I

"I" structured outline of recognizable economic definitions you have maybe run into via personal finance administration or observed in this directory, with a descriptive explanation upon clicking the terms link.

  • Impact Fee – An impact fee is a fee assessed by local government on new development as a method to defray the…
  • Impose – In personal finances, the word impose denotes the creation of a financial condition that is usually adverse…
  • Impound – To impound an asset means to seize or secure the asset in such a way that the owner no longer has full…
  • Imputed Interest – Imputed interest is interest that is considered to have been paid for taxing purposes, even if the…
  • Income – Although there are many highly technical definitions of income, for personal finances a generic definition…
  • Income Property – Income property is real estate you own for the express purpose of deriving income. In other…
  • Income Tax – A tax imposed on financial income, income tax forms the foundation of the US tax base. Income tax is…
  • Independent Audit – An audit is a process of looking over a financial record and discovering any irregularities. An…
  • Inflation – Inflation is the rate at which the cost of living increases-in other words, it’s the rate at which the…
  • Initial Closing Cost – The initial closing cost is the out-of-pocket expense of obtaining a mortgage. Whereas some…
  • Initial Interest Rate – Many adjustable rate mortgages or and all graduated rate mortgages start out with an initial…
  • Insolvent – When a person is unable to make debt payments they are said to be insolvent. Insolvency usually…
  • Installment Credit – Installment credit describes a loan that is repaid by scheduled payments that service both the…
  • Installment Loan – An installment loan is a traditional loan, scheduled to be repaid by a series of scheduled…
  • Institution – An established organization such as a business, bank, or charity. Institution is often used to refer…
  • Institutional Investors – An institutional investor is a person or company that invests in securities with enough…
  • Institutional Lender – An institutional lender is a large financial institution that invests its own and managed funds in…
  • Insufficient Funds (i.e. Non-sufficient Funds or NSF) – When an account cannot provide adequate funds to satisfy a…
  • Interest – The word interest has dozens of possible meanings, but in the realm of finance it almost always means a…
  • Interest only Loan – An interest only loan is a loan, usually a mortgage, with a repayment schedule structured such…
  • Interest Rate – The interest rate of a loan, universally expressed as a percentage per time period, is the sum of…
  • Interim Loan – Interim loans are short-term loans secured against real estate and used to finance construction or…
  • Internet Banking – (i.e Computer Banking, Cyber-banking, Electronic Banking) – Internet banking is a generic term…
  • Investment Income – Investment income is income derived from savings or investments, as opposed to income…
  • Invoice – An invoice is a detailed list of services rendered or good delivered along with line-item costs and an…
  • Involuntary Lien – An involuntary lien is a lien assigned against property by a court order without the consent of the…
  • Individual Retirement Account (IRA) – An IRA is one of several types of retirement savings account that is directly…
  • Internal Revenue Service (IRS) – The IRS is the US governmental agency that collects federal taxes and enforces…
  • Issuer – An issuer is any organization that registers or sells stocks, bonds, or other securities to obtain operational…