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adjustable-rate mortgage
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ad·just·a·ble-rate mort·gage
/
əˈdʒʌs
tə
bəlˌreɪt
/
Show Spelled
[
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Show IPA
noun
a mortgage that provides for periodic changes in the interest rate, based on changing market condtions.
Abbreviation:
ARM
Adjustable Rate Mortgages
www.
mortgagerate
s.lowermybills.com/
Mortgage
Rates Hit 2.5% (2.9% APR) As Seen on Good Morning America!
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Based on the Random House Dictionary, © Random House, Inc. 2012.
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