Examlex
Write the meaning of the abbreviation on the line.
-MDI ___________________________
Fixed Rate Mortgage
A mortgage in which the interest rate remains constant throughout the term of the loan.
Interest Rate
is the cost of borrowing money or the return on investment in a savings account, usually expressed as a percentage of the principal over a period of one year.
Tax Free Municipal Bond
A type of bond issued by local governments or their agencies, the interest from which is exempt from federal income taxes.
Taxable Yield
The interest rate on a bond or security that is subject to taxes, as opposed to a tax-exempt yield.
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