Mortgage interest deduction

Definition:

A federal tax deduction for interest paid on a mortgage used to acquire, construct, or improve a residence.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Central Counterparty Clearing House

An organization in European countries that helps facilitate trading done in European derivatives and equities market.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio