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noun
a type of home mortgage for which monthly payments stay constant for a term, usually of three to five years, and the interest rate is renegotiated at the end of every such term until the loan is paid off. Abbreviation: RRM
Also called rollover mortgage.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
Cite This Source
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Link To renegotiable-rate mortgage
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Renegotiable-rate mortgage
has a plethora of syllables.
So is supercalifragilisticexpialidocious. Does it mean:
| (used as a nonsense word by children to express approval or to represent the longest word in English.) |
| a white, crystalline, water-insoluble solid, C14H9Cl5, usually derived from chloral by reaction with chlorobenzene in the presence of fuming sulfuric acid: used as an insecticide and as a scabicide and pediculicide: agricultural use prohibited in the U.S. |
Word Dynamo Rating For Renegotiable-rate mortgag
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