Word Test 237

Improve Your Vocabulary

There is nothing more important in life than being able to master the power of communication. A good vocabulary is a like driving a car with rocket fuel instead of leaded gasoline. Words can power your career into high gear and increase your understanding of others.

From 2002-2014 we posted our Word of the Day and subsequently our Weekend Word Tests for 650 Consecutive Weeks or 12 ½ years, to help our viewers improve and expand their vocabulary. If you are serious about improving your vocabulary, our Word Test Library will challenge you to learn words you may never have known existed.

For the Week ending 09/08/06

Directions: Choose the word that matches with the definition and appropriately fits into the blank space in the sentence.

A mortgage in which the interest rate, after an initial period, can be changed by the lender.

The interest rate on Frank's _______ will be reset in 24 months.

The repayment of principal from scheduled mortgage payments that exceed the interest due.

The banker printed out a 30 year _______ schedule for Tracy's home mortgage.

A written estimate of a property's current market value prepared by a licensed professional as a prerequisite to obtaining a mortgage.

Due to a soft housing market, this year's _______ on John's house was $25,000 less than last year.

A mortgage which is payable in full after a period that is shorter than the term.

On a 7-year _______ loan, the payment is usually calculated over a 30-year period, and the balance at the end of the 7th year must be repaid or refinanced at that time.

Failure of the borrower to honor the terms of the loan agreement.

Lenders (and the law) usually view borrowers delinquent 90 days or more as in _______.

We would like to thank Dr. Andrew Jamieson, MD, of Vancouver, Washington for his articulate contribution of words he supplied for the many years he served as our "eHappyLife Word Specialist."