Mortgage Interest Rate


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Mortgage Interest Rate

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Mortgage Definition

–noun
1. a conveyance of an interest in property as security for the repayment of money borrowed.
2. the deed by which such a transaction is effected.
3. the rights conferred by it, or the state of the property conveyed.
–verb (used with object)
4. Law. to convey or place (real property) under a mortgage.
5. to place under advance obligation; pledge: to mortgage one's life to the defense of democracy.
From Dictionary

Interest Definition

–noun
1. the feeling of a person whose attention, concern, or curiosity is particularly engaged by something: She has a great interest in the poetry of Donne.
2. something that concerns, involves, draws the attention of, or arouses the curiosity of a person: His interests are philosophy and chess.
3. power of exciting such concern, involvement, etc.; quality of being interesting: political issues of great interest.
4. concern; importance: a matter of primary interest.
5. a business, cause, or the like in which a person has a share, concern, responsibility, etc.
6. a share, right, or title in the ownership of property, in a commercial or financial undertaking, or the like: He bought half an interest in the store.
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7. a participation in or concern for a cause, advantage, responsibility, etc.
8. a number or group of persons, or a party, financially interested in the same business, industry, or enterprise: the banking interest.
9. interests, the group of persons or organizations having extensive financial or business power.
10. the state of being affected by something in respect to advantage or detriment: We need an arbiter who is without interest in the outcome.
11. benefit; advantage: to have one's own interest in mind.
12. regard for one's own advantage or profit; self-interest: The partnership dissolved because of their conflicting interests.
13. influence from personal importance or capability; power of influencing the action of others.
14. Finance.
a. a sum paid or charged for the use of money or for borrowing money.
b. such a sum expressed as a percentage of money borrowed to be paid over a given period, usually one year.
15. something added or thrown in above an exact equivalent: Jones paid him back with a left hook and added a right uppercut for interest.
–verb (used with object)
16. to engage or excite the attention or curiosity of: Mystery stories interested him greatly.
17. to concern (a person, nation, etc.) in something; involve: The fight for peace interests all nations.
18. to cause to take a personal concern or share; induce to participate: to interest a person in an enterprise.
19. to cause to be concerned; affect.
20. in the interest(s) of, to the advantage or advancement of; in behalf of: in the interests of good government.
From Dictionary

Rate Definition

–noun
1. the amount of a charge or payment with reference to some basis of calculation: a high rate of interest on loans.
2. a certain quantity or amount of one thing considered in relation to a unit of another thing and used as a standard or measure: at the rate of 60 miles an hour.
3. a fixed charge per unit of quantity: a rate of 10 cents a pound.
4. price; cost: to cut rates on all home furnishings.
5. degree of speed, progress, etc.: to work at a rapid rate.
6. degree or comparative extent of action or procedure: the rate of increase in work output.
7. relative condition or quality; grade, class, or sort.
8. assigned position in any of a series of graded classes; rating.
9. Insurance. the premium charge per unit of insurance.
10. a charge by a common carrier for transportation, sometimes including certain services involved in rendering such transportation.
11. a wage paid on a specified time basis: a salary figured on an hourly rate.
12. a charge d36 or price established in accordance with a scale or standard: hotel rates based on length of stay.
13. Horology. the relative adherence of a timepiece to perfect timekeeping, measured in terms of the amount of time gained or lost within a certain period.
14. Usually, rates. British.
a. a tax on property for some local purpose.
b. any tax assessed and paid to a local government, as any city tax or district tax.
–verb (used with object)
15. to estimate the value or worth of; appraise: to rate a student's class performance.
16. to esteem, consider, or account: He was rated one of the best writers around.
17. to fix at a certain rate, as of charge or payment.
18. to value for purposes of taxation or the like.
19. to make subject to the payment of a certain rate or tax.
20. to place in a certain rank, class, etc., as a ship or a sailor; give a specific rating to.
21. to be considered or treated as worthy of; merit: an event that doesn't even rate a mention in most histories of the period.
22. to arrange for the conveyance of (goods) at a certain rate.
–verb (used without object)
23. to have value, standing, etc.: a performance that didn't rate very high in the competition.
24. to have position in a certain class.
25. to rank very high in estimation: The new teacher really rates with our class.
26. at any rate,
a. in any event; in any case.
b. at least: It was a mediocre film, but at any rate there was one outstanding 3e8 individual performance.
From Dictionary

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