See Also: Adjustable rate(finance)
Adjustable Rate(money)
Adjustable rate mortgages(finance)
Adjustable Rate Mortgage(money)
Adjustable rate mortgage(finance)
Adjustable-rate mortgage (ARM)(money)
Adjustable rate preferred stock (ARPS)(finance)
Adjustable-rate preferred stock (ARPS)(money)
Lehman Brothers Adjustable-Rate Mortgage Index(finance)
Lehman Brothers Adjustable-Rate Mortgage Index(money)

Adjustable Rate (money)


Definition: Interest rate that may be adjusted up or down and is usually pegged to the U.S. Treasury bill or prime interest rate. The adjustable rate generally has a one year and a lifetime cap on it so the borrDefinition: ower may know the maximum increase within a short period or for the duration of the loan.

Definition: [crh] Applies mainly to convertible securities. Refers to interest rate or dividend that is adDefinition: justed periodically, usually according to a standard market rate outside the control of the bank or savings institution, such as that prevailing on Definition: d=Treasury+bonds">Treasury bonds or notes. Typically, such issues have a set floor or ceiling, called Definition: ps">caps and collars that limits the adjustment.