PERSONAL FINANCE GLOSSARY

Immediate Annuity

Incentive Stock Option

Incontestable Clause

Increasing Term Insurance

Index Funds

Individual Retirement Account (IRA)

Inflation Risk

Inflation-Indexed Bonds

Initial Public Offering

Insiders

Inspection Report

Installment Debt

Insurability

Insurable Interest

Insurance Application

Insured

Insurer

Interest Rate

Interest Rate Future

Interest Rate Risk

International Funds

Intestate

Introductory Annual Percentage Rate (APR)

Investment Risk

Irrevocable Beneficiary

Irrevocable Trust

A regular payment of financial debt to a lender. Payment is comprised of both principal and interest. Additional payment will result in an increasing amount of principal paid and a decreasing amount of interest paid, potentially paying off the debt more quickly.