Browse the glossary using this index
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INSTALLMENT CONTRACTA contract which provides for payment of a purchase price in installments. | |
INSTRUMENTA written legal document. | |
INTENTIONAL MISREPRESENTATIONThe act of making willfully inaccurate statements about a property or withholding essential information concerning it. | |
INTER VIVOSDuring one's life; from one living person to another. | |
INTERESTThe charge for the use of money over a period of time. Can be understood as the "rent" paid for the use of borrowed money. | |
INTEREST ESCALATION CLAUSEThe clause in a promissory note which pushes the note's interest rate to the maximum amount allowed by law in the event of the borrower's default. | |
INTEREST RATEThe percentage charged to use a sum of money. | |
INTERIM FINANCINGA short-term loan obtained to cover financing of the construction of a building. | |
INTESTATEA person who dies without a will, or with one which is defective in form. | |
INVOLUNTARY LIENA lien imposed against property without consent of an owner; e.g., taxes, special assessments, federal income tax liens, etc. | |