Variable-rate – definition of variable-rate by The Free. – Define variable-rate. variable-rate synonyms, variable-rate pronunciation, variable-rate translation, English dictionary definition of variable-rate. adj. adjusted periodically to a rate in accordance with market conditions: a variable-rate mortgage. variable-rate translation, English.
Arm Loan What Is An Adjustable-Rate Mortgage? | Bankrate.com – An adjustable-rate mortgage, or ARM, is a home loan with an interest rate that can change periodically. This means that the monthly payments can go up or down. Generally, the initial interest rate is lower than that of a comparable fixed-rate mortgage. After that period ends, interest rates – and your monthly payments – can go lower or higher.
Variate | Definition of Variate at Dictionary.com – Variate definition, random variable. See more. Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
Variable rate – definition of variable rate by The Free. – Define variable rate. variable rate synonyms, variable rate pronunciation, variable rate translation, English dictionary definition of variable rate. variable rate.. variable rate translation, English dictionary definition of variable rate. variable rate. Translations. English: variable rate.
Prime Rate | Definition of Prime Rate by Merriam-Webster – Prime rate definition is – an interest rate formally announced by a bank to be the lowest available at a particular time to its most credit-worthy customers -called also prime interest rate.
Variable Rate Technology (VRT) Market 2019 Size Future Scope Demands and Projected Industry Growths to 2024 – Application Coverage: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others. Variable rate technology (vrt) industry report elaborates the Definition, Industry History, present & future.
5/1 Arm Meaning What is a 5/1 ARM Mortgage? – Financial Web – How a 5/1 arm mortgage works. The term 5/1 ARM means that you will get five years of a fixed interest rate, followed by one-year increments of adjustable rates. This means that for the first five years of the mortgage, you are going to have the same interest rate and the same monthly mortgage payment.
What is Variable Rate? definition and meaning – Definition of variable rate: Any interest rate or dividend that changes on a periodic basis. Variable rates are often used for convertibles, mortgages,
A variable rate mortgage is a type of home loan in which the interest rate is not fixed. Instead, interest payments will be adjusted at a level above a specific benchmark or reference rate (such as.
Variable-rate | Definition of Variable-rate at Dictionary.com – Variable-rate definition, providing for changes in the interest rate, adjusted periodically in accordance with prevailing market conditions: a variable-rate mortgage. See more.
Variable rate definition | English definition dictionary. – Search Variable rate and thousands of other words in English definition and synonym dictionary from Reverso. You can complete the definition of Variable rate given by the English Definition dictionary with other English dictionaries: Wikipedia, Lexilogos, Oxford, Cambridge, Chambers Harrap, Wordreference, Collins Lexibase dictionaries, Merriam Webster.
Variable Rate Interest Rate | legal definition of Variable. – Define Variable Rate Interest Rate. means an adjustable interest rate, equal to the Margin plus the Index, in effect on a Variable Rate Loan during its term and on a Fixed to Float Loan during the Extension Period for such Fixed to Float Loan, if applicable, that periodically adjusts as set forth in the Note for such Loan.
In certain economic conditions, a variable interest rate, or variable APR, is better because it allows you to pay off your credit card or loan balance at a lower cost when the index rate is down.On the other hand, having a variable interest rate doesn’t work in your favor when the index rate rises because your interest rate goes up as well.