Mortgage Information | Student Loans | Auto Loans
Mortgage and Loan Terms Glossary | Doc Loan Home
Free Loan Advice and Financial Information  
Browse by Letter

Loan and Mortgage Terms Glossary

Index Amortizing Note (Ians):

A note that repays principal over a period of time that lengthens or shortens according to an amortization schedule linked to a specific index, usually libor. As interest rates increase, the ian's maturity extends longer, an effect similar to what happens to a collateralized mortgage obligation when prepayment rates decrease. An ian is a type of structured note.

Contact | Advertising Information | Other Resources

Copyright 2002-2006