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Glossary (click letters)

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INDEX – an economic indicator, usually a published interest rate.

INDUSTRIAL FOR LEASE – industrial space available.

INDUSTRIAL – property used for industrial purposes, such as factories.

INTEREST RATE CAP – limits the interest rate or the interest rate adjustment to a specified maximum. This protects the borrower from increasing interest rates.

INTEREST RATE – the sum charged for borrowing money, expressed as a percentage

INTEREST – the sum paid for borrowing money, which pays the lender’s costs of doing business.

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