Dictionary

Appeal

Definition: A request to a recognized authority for a decision or judgement. Pronunciation: \ə-ˈpēl Used in a Sentence:   My lawyer said the court’s decision wasn’t correct and that we should file for...

Antitrust Laws

Definition: Federal and state laws designed to maintain and preserve business competition. Pronunciation: Used in a Sentence:   Antitrust laws prohibited the two companies from merging.

Annual Percentage Rate

Definition: The total yearly cost of credit. Pronunciation: an-yə(-wə)l, -yü-ə  pər-ˈsen-tij Used in a Sentence:  The annual percentage rate for a 30yr mortgage is 4%.

Annual Debt Service

Definition: The amount of money required each year for the payment of all mortgage principal and interest. Pronunciation: an-yə(-wə)l, -yü-ə  det Used in a Sentence:   The annual debt service is used by...

Anniversary Date

Definition: Recurring each year; the date an insurance policy must be renewed to remain in effect. Pronunciation: a-nə-ˈvərs-rē Used in a Sentence:  The anniversary date of our insurance policy is March 15....

Amortized Mortgage

Definition: A loan that is characterized by making regular payments over a long period of time. Pronunciation: a-mər-ˌtīz-ed  mȯr-gij Used in a Sentence:   The buyer preferred an amortized mortgage because the payments...