Contributions and their earnings are tax free when withdrawn to pay for qualifying education expenses. The interest rate on this agreement stays the same for as long as the mortgage is held, no matter how interest rates change in the financial markets. With this type of mortgage, you know exactly how much you will pay in principal and interest on your home each month. Remember, taxes and insurance on your home may change from year to year. Index - A numerical figure used in economics that describes relative changes in some quantity.
Example is the consumer-price index.
Individual Account - An account owned and controlled by one individual. Inspection - An evaluation of the property to determine if there are any problems with it that could change its value. An inspection helps the buyer decide if there are any items the seller needs to repair before the final closing. The inspector is expected to carefully examine the entire house, inside and out, and follow up with a written detailed report. IOTA Accounts - Interest on Trust Accounts are NOW accounts established by attorneys or law firms for their clients, where the interest is forwarded to the Florida Bar Foundation.