Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: I

INCURRED LOSS

A loss that occured already that hasnt yet been paid. Also see ratio.

INFLATION

When currency loses its value due to constantly raising prices.

INTEREST RATE

The cost of borrowing funds or the capital earned on loaned funds.

INTRODUCING BROKER

A broker who helps their client with their strategy. They cannot hold funds to they use the FCM.

INFLATION SWAP

A swap of actual and fixed inflation rates. They mature in 10 or more years and are structured as annual inflation or a zero coupon inflation swap. Also called a consumer price

INFLATION-LINKED SECURITY

A bond that guarantees a return based on inflation. The coupon is the fixed rate and the principal adjusts according to the changing inflation rates. Refer to the terms ajustabonos and treasury

IBIDEM

Lat. In the same place; in the same book ; on the same page, etc. Abbreviatedto “ibid.” or “ib.”

ILLEVIABLE

Not leviable; that cannot or ought not to be levied. Cowell.

IMBROCUS

A brook, gutter, or water- passage. Cowell.

IMPANEL

In English practice. Toimpanel a jury signifies the entering by the sheriff upon a piece of parchment, termed a”panel,” the names of the jurors who have been summoned to appear in court

IMPERITIA

Lat. Unskillfulness; want of skill.Imperitia culpa! adnumeratur. Want of skill is reckoned as culpa; that is, as blamableconduct or neglect. Dig. 50, 17, 132.Imperitia est maxima mechanicorum poena. Unskillfulness is the greatest

IMPORTATION

The act of bringing goods and merchandise into a country from a foreign country.

IMPRIMERE

To press upon; to impress or press; to imprint or print.

IMPUNITY

Exemption or protection from penalty or punishment. Dillon v. Rogers,30 Tex. 153.

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