Total Expense Ratio

Definition

• The percentage of monthly debt payments compared to total before-tax income.

Synonyms
monthly debt payments, overall expense ratio

Acronyms
TER

Alternate Spellings
Expense Ratio

Related Terms and Acronyms

• Debt-to-Income Ratio — Definition,
  • The percentage of an individual's income that is used to repay debt.
• Expense Ratio — Definition,
  • A method of calculating an insurer's operating efficiency.
• Gross Debt Service (GDS) — Acronym, Very Important,
  • The total monthly mortgage (or rent) payments, property taxes, utilities and maintenance fees as a percentage of gross monthly income.
  ➥ Used by mortgage lender underwriters to determine one's ability to qualify for a mortgage loan.