COFI (cost of funds index)
The COFI is a weighted average of the interest rates paid by savings banks and other institutions. These are usually members of the Eleventh Federal Home Loan Bank District.
Get a Free Quote
The following dictionary definition list is provided for clarification only. Note that many definitions are not directly applicable to mortgages, loans or other financial terminology in this glossary. Used with permission: WordNet 2.1 Copyright 2005 by Princeton University. All rights reserved.
cost
Noun: cost (the total spent for goods or services including money and time and labor)
Noun: monetary value, price, cost (the property of having material worth (often indicated by the amount of money something would bring if sold)) "the fluctuating monetary value of gold and silver"; "he puts a high price on his services"; "he couldn't calculate the cost of the collection"
Noun: price, cost, toll (value measured by what must be given or done or undergone to obtain something) "the cost in human life was enormous"; "the price of success is hard work"; "what price glory?"
Verb: cost, be (be priced at) "These shoes cost $100"
Verb: cost (require to lose, suffer, or sacrifice) "This mistake cost him his job"
funds
Noun: fund, monetary fund (a reserve of money set aside for some purpose)
Noun: store, stock, fund (a supply of something available for future use) "he brought back a large store of Cuban cigars"
Noun: investment company, investment trust, investment firm, fund (a financial institution that sells shares to individuals and invests in securities issued by other companies)
Noun: funds, finances, monetary resource, cash in hand, pecuniary resource (assets in the form of money)
Verb: fund (convert (short-term floating debt) into long-term debt that bears fixed interest and is represented by bonds)
Verb: fund (place or store up in a fund for accumulation)
Verb: fund (provide a fund for the redemption of principal or payment of interest)
Verb: fund (invest money in government securities)
Verb: fund (accumulate a fund for the discharge of a recurrent liability) "fund a medical care plan"
Verb: fund (furnish money for) "The government funds basic research in many areas"
index
Noun: index (a numerical scale used to compare variables with one another or with some reference number)
Noun: index, index number, indicant, indicator (a number or ratio (a value on a scale of measurement) derived from a series of observed facts; can reveal relative changes as a function of time)
Noun: exponent, power, index (a mathematical notation indicating the number of times a quantity is multiplied by itself)
Noun: index (an alphabetical listing of names and topics along with page numbers where they are discussed)
Noun: index, index finger, forefinger (the finger next to the thumb)
Verb: index (list in an index)
Verb: index (provide with an index) "index the book"
Verb: index (adjust through indexation) "The government indexes wages and prices"
- COFI (cost of funds index) -
Get a Free Quote
Return to Mortgage Glossary
A-C |
D-G |
H-N |
O-S |
T-Z
