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Glossary of Terms > I > IMPACT FEE

IMPACT FEE

An impact fee is assessed by local governments, and generally applied to the construction of new buildings within a jurisdiction. The purpose is to pay for expansion of new police stations, fire stations, sewer and water supply systems, parks, libraries, and other services.

I Terms

IMPACT FEE

INFLATION

INTEREST RATES

INTEREST-ONLY MORTGAGE

INVESTMENT LOAN