Terms Starting with I

  • Inter-Dealer Broker (IDB)Acronym,
    • Interac Definition,
      • Canada's largest shared network of ATMs. It allows cardholders to access their accounts from any ATM on the network regardless of which financial institution owns the machine.
    • Interac Direct Payment (IDP) Acronym,
      • A method of paying for goods and services electronically with the funds taken immediately and directly from your bank account and transferred directly into the merchant's account. You use your banking card to do this.
    • Interbank Funds Transfer System (IFTS)Acronym,
      • Intercom (intcom)Abbreviation,
        • A two-way communication system with speakers, microphones and sometimes video feeds used to identify visitors before unlocking the door to the building.
      • Interest (IN, int) Acronym & Abbreviation,
        • Money paid for the use of borrowed funds, usually expressed as an annual percentage.
        Bank account transaction code.
      • Interest Adjustment Date Definition,
        • The date one month prior to the beginning of amortization when accrued interest computed on the monies advanced becomes due.
      • Interest Factor Definition,
        • The decimal equivalent for an interest rate on a unit amount for a period of time. Computed by interest rate divided by number of days in a basic year times the number of days accrued.
      • Interest Only Payments Definition,
        • A payment plan where only the interest is paid off.
      • Interest Payment Date (IPD)Acronym,
        • Interest Rate (IR) Acronym, Very Important,
          • The rate a lender charges an individual to borrow money.
        • Interest Rate Cap Definition,
          • A limit to the interest rate increases and decreases on an adjustable rate loan; either from one adjustment period to the next or over the life of the loan.
        • Interest Rate Differential (IRD) Acronym, Very Important,
          • The penalty one pays for breaking a mortgage.
        • Interest Rate Future (IRF)Acronym,
          • Interest Rate Guarantee (IRG)Acronym,
            • Interest Rate on Excess Reserves (IOER)Acronym,
              • Interest Rate Option (IRO)Acronym,
                • Interest Rate Parity (IRP)Acronym,
                  • Interest Rate Parity Theorem (IRPT)Acronym,
                    • Interest Rate Product (IRP)Acronym,
                      • Interest Rate Protection Agreement (IRPA)Acronym,
                        • Interest Rate Reduction Refinance (IRRR)Acronym,
                          • Interest Rate Reduction Refinance Loan (IRRRL)Acronym, United States,
                              A US mortgage term.
                            • Interest Rate Risk (IRR)Acronym,
                              • Interest Rate Risk Management (IRRM)Acronym,
                                • Interest Rate Support (IRS)Acronym,
                                  • Interest Rate Swap (IRS)Acronym,
                                    • Interest Sensitive Liabilities (ISL)Acronym,
                                      • Short term deposit held by a bank that pays its customer a return using a variable interest rate.
                                    • Interest-Crediting Methods Definition,
                                      • A number of methods used to establish how interest is accrued, owed and dispersed to the parties due.
                                    • Interest-Only (IO)Acronym,
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