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
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
Webster's New International English Dictionary. Новый международный словарь английского языка Webster. 2012