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adjustable rate mortgage — see mortgage Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. adjustable rate mortgage … Law dictionary
adjustable-rate mortgage — ( ARM) A loan for which the interest rate ( coupon rate) is adjusted periodically to reflect changes in a previously selected index rate. ARMs may have caps and floors that limit the annual and/or the lifetime change in the coupon rate. American… … Financial and business terms
adjustable rate mortgage — UK US noun [C] FINANCE, PROPERTY ► VARIABLE RATE MORTGAGE(Cf. ↑variable rate mortgage) … Financial and business terms
Adjustable-rate mortgage — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… … Wikipedia
Adjustable-Rate Mortgage - ARM — A type of mortgage in which the interest rate paid on the outstanding balance varies according to a specific benchmark. The initial interest rate is normally fixed for a period of time after which it is reset periodically, often every month. The… … Investment dictionary
adjustable rate mortgage — noun : a mortgage having an interest rate which is usually initially lower than that of a fixed rate mortgage but is adjusted periodically according to the cost of funds to the lender abbreviation ARM * * * (abbr.: ARM) n. a mortgage whose rate… … Useful english dictionary
adjustable rate mortgage — noun Date: 1981 a mortgage having an interest rate which is usually initially lower than that of a mortgage with a fixed rate but is adjusted periodically according to the cost of funds to the lender … New Collegiate Dictionary
adjustable-rate mortgage — ARM A mortgage in which the interest rate is adjusted at periodic intervals, usually to reflect the prevailing rate of interest in the money markets Borrowers are sometimes protected by a cap, or ceiling, above which the interest rate is not… … Big dictionary of business and management
adjustable-rate mortgage — adjust′able rate mort′gage n. bus a mortgage that provides for a periodic adjustment of the interest rate based on current market conditions Abbr.: ARM … From formal English to slang
adjustable-rate mortgage — /euh jus teuh beuhl rayt / a mortgage that provides for periodic changes in the interest rate, based on changing market conditions. Abbr.: ARM * * * … Universalium
