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Simple English definitions for legal terms

index (finance)

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A quick definition of index (finance):

Index (Finance): An index is a number that helps determine how much interest you have to pay on a loan that can change over time. It is like a measuring stick that tells you how much you need to pay based on what is happening in the market. Some common indices include LIBOR, COFI, and the prime rate listed in The Wall Street Journal.

A more thorough explanation:

An index is a type of interest rate that is used to determine changes in interest rates for loans that have variable rates. This means that the interest rate on the loan will change based on the index rate. There are several common indices that are used, including:

For example, if you have an adjustable-rate mortgage, your interest rate may be tied to the LIBOR index. If the LIBOR rate goes up, your interest rate will also go up, which means your monthly mortgage payment will increase. Similarly, if the COFI index goes down, the interest rate on your variable rate loan may also go down, which could result in a lower monthly payment.

Overall, indices are important because they help determine the interest rates on many types of loans, which can have a big impact on borrowers' monthly payments and overall financial well-being.

indeterminate sentence | Indian Child Welfare Act (ICWA)

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JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
Dkk
9:49
Lmfao, Gross
Dkk
9:49
@glovediedthisishismom: Watch it at the office!
Dkk
9:50
Proton vpn and https://en.solarmovie-official.lol/
let little glovey go home!
babycat
9:55
it’s true he sent me feet pics (unsolicited!)
babycat
9:56
poor little glovey
babycat
9:56
it’s illegal to make you work on a snow day
BulbasaurNoLikeCardio
9:57
Free feet pics sounds like you saved some money
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