Glossary




IconsThe graphs that represent the program...
imputed income from assetsEstimated earning potential of assets...
IncontinenceInability to control bladder and/or b...
Independent Living Subsidy (ILS) ProgramThis program is for those consumers w...
indexA measurement used by lenders to dete...
installment paymentThe periodic payment (usually every m...
installment sales contractA sales contract for property in whic...
interestA fee paid for the use of money.
interest rateA percentage of an amount of money us...
InternetOver 100,000 computers and over 100 c...

The graphs that represent the programs available to the user.

Estimated earning potential of assets held by household using the potential earning rate established by HUD.

Inability to control bladder and/or bowels. With urinary incontinence one is unable to keep urine in the bladder. Fecal incontinence is when one is unable to retain feces in the rectum.

This program is for those consumers who have demonstrated a capability of independent living with little or no assistance. It may be authorized as a housing supplement, independent living support, wrap-around or as a short-term voucher payable until other resources, such as SSI, become available to the consumer. This funding may be authorized for consumers who have a need for support based upon a demonstrated financial deficit requiring these wrap-around services. Once the financial deficit has been alleviated (e.g. SSI benefits begin), eligibility for this level of voucher reimbursement will be terminated.

A measurement used by lenders to determine any changes to the interest rate charged on an adjustable rate mortgage.

The periodic payment (usually every month) of interest and principal on a mortgage or other loan.

A sales contract for property in which the buyer receives possession of the property but does not take title to it until he or she makes regular installments payments to the seller and fulfills other specified obligations. Also called a land contract.

A fee paid for the use of money.

A percentage of an amount of money usually expressed as an annual percentage which is paid for the use of the money for a specified period of time.

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