Debt to income ratio


 

Home
Site Map
Add Term
Search
About Us
Contributors

Debt to income ratio

A ratio used by lending institutions to determine whether a person is qualified for a mortgage. Debt-to-income is the total amount of debt, including credit cards and other loans, divided by total gross monthly income.



Debt to income ratio

Similar Matches

Income statement (statement of operations)

Income statement (statement of operations)

A statement showing the revenues, expenses, and income (the difference between revenues and expenses) of a corporation over some period of time.


Minimum income guarantee

Minimum income guarantee

The Minimum Income Guarantee tops up pensioners' incomes from the basic state pension. In the year 2003, the top up is to £102.10 a week for a single person to £155.80 for a couple.The MIG rises with wages inflation which tends to move faster than price inflation (on which the basic state pension is based) so in time the gap between the state pension and the MIG should grow.Anyone with assets over £12,000 is disqualified from the MIG.


Gross income

Gross income

Your total income before tax and expenditures.


Discretionary income

Discretionary income

The amount of income a consumer has available after purchasing essentials such as food and shelter.


Social security disability income insurance

Social security disability income insurance

Insurance which provides income to disabled people incapacitated for one year or more. Benefits are payable up to the person's death.


Further Suggestions

earned income
Self employed income
Income dividend
Corporate income fund (CIF)
taxable income
Income elasticity
Net investment income per share
Monthly income preferred security (MIP)
fixed income securities
Nominal income
Income redistribution argument for a tariff
Social Security Disability Income Insurance
income dividend
Disability income insurance
Residual income
Employee Retirement Income Security Act
Income bond
Adjusted gross income (AGI)
Gross Income
nominal income
Income immunization strategies
Per capita income
Taxable income
Grantor Retained Income Trust (GRIT)
franked income


 
All rights Reserved. Do not copy without permission. T4 Innovations Ltd