ADJUSTABLE RATE MORTGAGE


Meaning of ADJUSTABLE RATE MORTGAGE in English

transcription, транскрипция: [ 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

Merriam-Webster's Collegiate English vocabulary.      Энциклопедический словарь английского языка Merriam Webster.