Independent 401(k)The independent 401(k) - also known as a solo 401(k), indy-k, or uni-k - is a variation of the 401(k) designed for people who are self-employed or operate…
Independent adjusterA person who charges a fee to an insurance company to adjust the company’s claim.
Independent authoritative sourceIndependent authoritative source means a professional, business, trade, educational or governmental association, organization, or other similar entity…
Independent authoritative source surveyIndependent authoritative source survey means a survey of wages conducted by an independent authoritative source and published in a book, newspaper…
independent contractorPerforms services for others. The recipients of the services do not control the means or methods the independent contractor uses to accomplish the work.
IndexStatistical measure of the state of the stock market or economy based on the performance of stocks or other components.
Index fundA mutual fund that matches its portfolio to that of a specific financial market index, with the objective of tracking the general performance of the…
Index of Leading Economic IndicatorsThis monthly composite of ten economic measurements was developed to track and help forecast changing patterns in the economy.
Index optionIndex options are puts and calls on a stock index rather than on an individual stock.
Index-linked Certificate of DepositAn index-linked CD is a deposit obligation of the issuing bank and is often sold through bank branches and affiliated and unaffiliated brokers.
Index-linked Share Certificate (SC)(SC)An index-linked SC is a deposit obligation of the issuing credit union. Index-linked SCs provide the member the ability to participate in the…
Indexed annuityAn indexed annuity is a deferred annuity whose return is tied to the performance of a particular equity market index.
Indicia of an employment relationshipIndicia of an employment relationship between the other/secondary employer and an H-1B nonimmigrant (excluding H-1B1 and E-3) include such factors as: (A)…
indirect taxA tax that can be shifted to others, such as business property taxes.
Individual Retirement Account (IRA)(IRA)A retirement savings program for individuals to which yearly tax-deductible contributions up to a specified limit can be made.
individual retirement arrangement (IRA)An individual retirement arrangement (IRA), which may be set up as either an account or an annuity, allows people with earned income to contribute to a…
IndustryIndustry means the set of employers which primarily competes for the same types of workers as those who are the subjects of the H-1B petitions to be filed…
Inefficient marketIn an inefficient market, investors may not have enough information about the securities in that market to make informed decisions about what to buy or…
infant industryA new or developing domestic industry whose costs of production are higher than those of established firms in the same industry in other countries.
InflationA condition of increasing prices. Inflation is generally measured by the Consumer Price Index.
Inflation CoverageEndorsement to a homeowner's policy that automatically adjusts the amount of insurance to compensate for inflationary rises in the home's value.
Inflation guard endorsementAn endorsement to a homeowner policy that automatically increases the amount of insurance every three months.
Inflation protectionAutomatically adjusts your home insurance policy limits to account for increases in the costs to repair or rebuild a property.
Inflation rateThe inflation rate is a measure of changing prices, typically calculated on a month-to-month and year-to-year basis and expressed as a percentage.
Inflation-adjusted returnInflation-adjusted return is what you earn on an investment after accounting for the impact of inflation.
Inflation-protected security (TIPS)US Treasury inflation-protected securities (TIPS) adust the principal twice a year to reflect inflation or deflation measured by the Consumer Price Index…
INFOTERRAINFOTERRA is an international environmental referral and research network made up of about 175 countries coordinated by the United Nations Environment…
Inherited IRAAn inherited IRA is an IRA that passes to a beneficiary at the death of the IRA owner.
Initial Interest RateThe original interest rate for an adjustable-rate mortgage (ARM). Sometimes known as the "start rate."
Initial public offering (IPO)When a company reaches a certain stage in its growth, it may decide to issue stock, or go public, with an initial public offering (IPO).
Input-output (I-O) accountsShow the relationships between all the industries in the economy and all the commodities that these industries produce and use.
Input-output (I-O) output multipliersEstimate of output required to satisfy a given level of final use. There are three I-O output multipliers, all of which correspond to the total…
InquiryA request for a copy of your credit report. An inquiry occurs every time you fill out a credit application and/or request more credit.
Insider tradingIf management of a publicly held company, members of its board of directors, or anyone who holds more than 10% of the company trades its shares, it's…
Inspection ReportA report filed by an individual employed by the insurance company or credit agency, giving general information on the physical condition of the property.
Inspector General ActEnacted in 1978, this Act authorized establishment of Offices of Inspectors General, “independent and objective units” within federal agencies that…
Inspector General Reform ActEnacted in 2008, this Act amended the Inspector General Act to enhance the independence of inspectors general and to create a Council of the Inspectors…
InstallmentThe regular periodic payment that a borrower agrees to make to a lender.
Installment contractSame or similar to "contract to purchase." See also "contract to purchase" under "mortgage."
Installment DebtA loan that is repaid in accordance with a schedule of payments for a specified term (such as an automobile loan).
InstinetInstinet is the world's largest agency brokerage firm. As an agency firm, it doesn't trade stock for its own account as traditional brokerage houses do.
Institutional fundAn institutional fund is a mutual fund that's available to large investors, such as pension funds and not-for-profit organizations, with substantial…
Institutional investorInstitutional investors buy and sell securities in large volume, typically 10,000 or more shares of stock, or bonds worth $200,000 or more, in a single…
Insufficient FundsWhen a depositor's checking account balance is inadequate to pay a check presented for payment.
Insurable interestAny financial interest a person has in the property or person insured. In life insurance, a person´s or party´s interest - financial or emotional - in…
InsuranceAs a part of PITI, the amount of the monthly mortgage payment that does not include the principal, interest, and taxes. Also see: homeowners insurance.
Insurance (Hazard)Insurance to protect the homeowner and the lender against physical damage to a property from sources such as but not limited to fire, wind, or vandalism.
Insurance to valueAn amount of insurance at, or close to, the value of the property insured.
Insurance trustYou set up an insurance trust to own a life insurance policy on your life. When you die, the face value of the policy is paid to the trust.
InsuredThe policyholder or person(s) protected in case of a loss/claim.
Insured bondAn insured bond is a municipal bond whose interest and principal payments are guaranteed by a triple-A rated bond insurer.
Insured DepositsDeposits held in financial institutions that are guaranteed by the Federal Deposit Insurance Corporation (FDIC) against loss due to bank failure.
Insured mortgageA mortgage insured against loss to the mortgagee (lender) in the event of default. May be insured by FHA, VA, FmHA, or by a private insurance company.
Insured SharesDeposits held in federal and most state chartered credit unions that are guaranteed by the National Credit Union Share Insurance Fund (NCUSIF) against…
Integrated Exposure Uptake Biokinetic Model (IEUBK)(IEUBK)Integrated Exposure Uptake Biokinetic Model for Lead in Children (IEUBK) and the Technical Review Workgroup for Lead (TRW) is an interoffice workgroup…
Integrated pension planIn an integrated pension plan, your employer counts part of your Social Security benefit in the defined benefit pension you're entitled to and takes that…
InterestThe term interest is used to describe the cost of using money, a right, share, or title in property.
Interest Accrual RateThe percentage rate at which interest accumulates or increases on a mortgage loan.
Interest and miscellaneous paymentsConsist of interest paid by domestic private enterprises and rents and royalties paid by private enterprises to government.
Interest and miscellaneous receiptsIncludes rents and royalties received by government from private enterprises, including both monetary and imputed interest receipts.
Interest rateThe amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time.
Interest Rate (High/Low)The percentage of interest paid for money in the deposit accounts, without regard to compounding, shown as an annual figure.
Interest Rate CapFor an adjustable-rate mortgage, a limitation on the amount the interest rate can change per adjustment or over the lifetime of the loan, as stated in the…
Interest Rate CeilingFor an adjustable-rate mortgage (ARM), the maximum interest rate, as specified in the mortgage note.
Interest Rate FloorFor an adjustable-rate mortgage (ARM), the minimum interest rate, as specified in the mortgage note.
Interest Rate IndexA table of yields or interest rates being paid on debt that is used to determine interest-rate changes for adjustable-rate mortgages and other…
Interest Rate RiskInterest-rate risk describes the impact that a change in current interest rates is likely to have on the value of your investment portfolio.
Interest Rate SwapA transaction between two parties where each agrees to exchange payments tied to different interest rates for a specified period of time, generally based…
Interest-free periodThe number of days you have to pay your bill in full before an interest charge is assessed on purchases.
Interest-only loanA loan in which interest is payable at regular intervals until loan maturity (when the full loan balance is due.
Interest-Only MortgageWith an interest-only mortgage loan, you pay only the interest portion of each scheduled payment for a fixed term, often five to seven years.
Interested partyInterested party means a person or entity who or which may be affected by the actions of an H-1B employer or by the outcome of a particular investigation…
Interim loanTemporary financing, usually for construction; not a mortgage.
Intermediate inputsGoods and services that are used in the production process of other goods and services and are not sold in final-demand markets.
Intermediate purchasesPurchases of intermediate inputs made by industries or government. Related terms: Final use(s), Input-output (I-O) accounts.
Intermediate Service Provider (ISP)(ISP)Assists in processing tax return information between the ERO (or the taxpayer, in the case of online filing) and the Transmitter.
Intermediate Term MortgageA mortgage loan with a contractual maturity from the time of purchase equal to or less than 20 years.
Intermediate-term bondIntermediate-term bonds mature in two to ten years from the date of issue. Typically, the interest on these bonds is greater than that on short-term bonds…
InternalizationInternalization occurs when a securities trade is executed within a brokerage firm rather than though an exchange.
International Business Corporation (IBC)The term international business corporation or IBC refers to a corporation formed in an offshore financial secrecy jurisdiction which is afforded certain…
International fundA mutual fund that invests in securities from a number of countries.
International Monetary Fund (IMF)The IMF was set up as a result of the United Nations Bretton Woods Agreement of 1944 to help stabilize world currencies, lower trade barriers, and help…
IntestateA person who dies without a will is said to have died intestate. In this case, the probate court in the person's home state - sometimes known as…
Intra-firm trade in servicesReceipts and payments between U.S. affiliates and their foreign parents, and between U.S.
intrinsic valueA company's intrinsic value, or underlying value, is used to calculate its projected worth.
Introducing broker (IB)An introducing broker (IB) is a person or firm that takes orders to buy or sell futures contracts from clients and passes those orders to a futures…