Total Expense Ratio

Definition

  • The percentage of monthly debt payments compared to total before-tax income.

Synonyms
overall expense ratio, monthly debt payments

Acronyms
TER

Alternate Spellings
Expense Ratio

Related Terms and Acronyms

  • Debt-to-Income Ratio Definition,
    • The percentage of an individual's income that is used to repay debt.
  • Expense Ratio Definition,
    • A method of calculating an insurer's operating efficiency.
  • Gross Debt Service (GDS) Acronym, Very Important,
    • The total monthly mortgage (or rent) payments, property taxes, utilities and maintenance fees as a percentage of gross monthly income.
    Used by mortgage lender underwriters to determine one's ability to qualify for a mortgage loan.
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