Administrator
Administrator – David Reecher An administrator is a person who is given the power to distribute and manage the estate of a deceased person who left no will behind. In this way, administrators ar... Read More
Adjustment Period
Adjustment Period – David Reecher An adjustment period refers to how often interest rate adjustments happen in an adjustable rate mortgage. Most adjustment periods are one, three, or five years ... Read More
Adjusted Cost Basis
Adjusted Cost Basis – David Reecher Adjusted cost basis is a cost valuation basis used in tax accounting in which the historical cost of an asset undergoes various adjustments to arrive at an ad... Read More
Adjustable-Rate Mortgage (ARM)
Adjustable-Rate Mortgage (ARM) – David Reecher When someone is shopping for a home loan, one option is the ARM, or adjustable rate mortgage. These mortgages have rates that are fixed for specifi... Read More
Additional Rent
Additional Rent – David Reecher Additional rent refers to any monetary obligations that a tenant is responsible for in addition to the base rent or the minimum monthly rent. Base rent is the agr... Read More
Additional Principal Payment
Additional Principal Payment – David Reecher An additional principal payment describes the portion of a monthly payment that is above the minimum amount and is applied towards the principal of t... Read More
Add-On Interest
Add-On Interest – David Reecher Add-on interest refers to the interest paid by the borrower on the principal for the life of the loan. The lender determines the amount of this interest at the be... Read More