Mortgage Glossary abstract of title A historical summary provided by a title insurance company of all records affecting the title to a property. acceleration clause Allows a lender to declare the entire outstanding balance of a loan immediately due and payable should a borrower violate specific loan provisions or default on the loan. adjustable rate mortgage (ARM) A variable or flexible rate mortgage with an interest rate that varies according to the financial index it is based upon. To limit the borrower's risk, the ARM may have a payment or rate cap. See also: cap. amenities Features of your home that fit your preferences and can increase the value of your property. Some examples include the number of bedrooms, bathrooms, or vicinity to public transportation. amortization The liquidation of a debt by regular, usually monthly, installments of principal and interest. An amortization schedule is a table showing the payment amount, interest, principal and unpaid balance for the entire term of the loan. annual cap See: cap. annual percentage rate (A.P.R.) The actual interest rate, taking into account points and other finance charges, for the projected life of a mortgage. Disclosure of APR is required by the Truth-in-Lending Law and allows borrowers to compare the actual costs of different mortgage loans. appraisal An estimate of a property's value as of a given date, determined by a qualified professional appraiser. The value may be based on replacement cost, the sales of…
Medical Glossary 1
3 February 2014
Chapter 2 and Appendix A & D
Accreditation: a voluntary peer- review process through which an agency grants recognition to an institution for a program of study that meets specified criteria
Sponsoring Organization: a professional organization that appoints members to a joint review committee board.
Joint Review Committee: (JRC): group of persons appointed by sponsoring organizations to oversee the accreditation…
Categorical imperative: A command of reason that requires a person’s obedience regardless of whether such obedience gets him anything he wants. Categorical reason: A reason to do something that applies to a person regardless of her desires. G–1
Circular reasoning: Defending some belief by a set of other beliefs whose justification ultimately traces back to the original claim in question. Coherentism: The view that we are justified in believing a claim to the extent that it supports,…
Student Resource Glossary
Adrenocorticotropic A hormone secreted by the anterior pituitary gland that mediates the release of hormones from the
adrenal cortex. Increased and decreased secretions of ACTH have been associated with a various
disorders and disease states.
(sensory nerves) Convey incoming messages from the sensory receptors to the central nervous
A congenital disorder in which the normal gyri and sulci of the brain fail to develop…
Anacrusis- The note or notes that form an upbeat(s) to the first downbeat of the phrase
Antiphony- When two instrumental groups or two choirs alternate in dialogue
Appoggiatura- Leaning note
Auxiliary note- A non-harmony note which is a step above or below the harmony note and returns to it.
Atonal- Does not use keys or modes.
Binary form- Two part structure
Bitonal/ Polytonal- Uses two different keys simultaneously; polytonal can refer to music using any number…
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Refers to type that is framed in a border to give it
Initial news coverage of an event.
Printed notice of something for sale paid for by the
The lineup of news stories scheduled for the next
The approach or perspective from which a news
fact or event is viewed, or the emphasis chosen for a
Similar headlines running side by side…
Mortgage Interest Deduction
The mortgage interest deduction is a common itemized deduction that allows homeowners to deduct interest they pay on a loan used to build, purchase, or make improvements on their principal residence. This deduction can also be used on loans for second residences and vacation residences with certain limitations. According code sec. 163(h)(3), a “qualified residence” means any interest which is paid or accrued during the taxable year on acquisition indebtedness or home…
Commerce Law and Society Glossary
• Civil Laws: The body of laws established by a state or nation for its own regulation
• Court: A body of people presided over by a judge, judges, or magistrate, and acting as
a tribunal in civil and criminal cases.
• Defendant: An individual, company, or institution sued or accused in a court of law.
• Jurisdiction: The official power to make legal decisions and judgements.
• Precedent: An earlier event or action that is regarded as an example or guide to be
Words about arguments
speak or write authoritatively about a topic.
a particular form of a language which is peculiar to a specific region or social group.
a statement or theory that is put forward as a premise to be maintained or proved.
a person or thing that is the direct opposite of someone or something else.
the combination of components or elements to form a connected whole.
a strong verbal or written attack on someone…
For the past four years has been a challenge in the home mortgage industry. Delinquencies and foreclosures has been at record numbers are at levels we having seen since the great depression; which has had a major impact on our overall economy. In addition, the unemployment rate, higher energy cost, along with the high inventory of homes, and home sites for sale throughout the country has also greatly impacted the housing market. Because of how these variables impacted the economy, the government…