Construction Loan Interest Rates. Understanding mortgage and construction loan interest rates can be confusing. In order to build a house you will need both a construction loan and a mortgage loan. The term of your construction loan is either one year or when your home is complete.
agency noun (ORGANIZATION). B1 [C] a âbusiness that ârepresents one âgroup of âpeople when âdealing with another âgroup: an âadvertising/âemployment/âestate/âtravel agency C1 [C] a âgovernment âorganization: an âoverseas âaid agency the Central Intelligence Agency.
Abbreviations or Slang with similar meaning. 1  FILOS - First In Last Out See also. 2  agency manager. - The person in a travel agency who holds appointment from ARC, IATA, etc. The person who runs an agency's day-to-day affairs. 3  auditorium style. - In a meeting, a configuration in which seats are arranged in rows, facing front, as in a theater.