CENTURY 21 Manley Associates, Inc.
CENTURY 21 Manley Associates, Inc.
(434) 977-7300
Each Office is Independently
Owned and Operated
Serving Charlottesville since 1978


Real Estate Glossary

  Certificate of Deposit Index

An index that is used to determine interest rate changes for certain ARM plans. It represents the weekly average of secondary market interest rates on six-month negotiable certificates of deposit.

* Also see "Adjustable-Rate Mortgage" entry

 

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