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
ADJUSTABLE RATE MORTGAGE
Meaning of ADJUSTABLE RATE MORTGAGE in English
Merriam Webster. Explanatory English dictionary Merriam Webster. Толковый словарь английского языка Мерриам-Уэбстер. 2012