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variable-rate

[vair-ee-uh-buh l-reyt] /ˈvɛər i ə bəlˌreɪt/
adjective
1.
providing for changes in the interest rate, adjusted periodically in accordance with prevailing market conditions:
a variable-rate mortgage.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for variable-rate
  • With more than a suspicion that mis-selling was at work, the insurers are loth to touch variable-rate policies now.
  • Rather it reflects lower rates for borrowers whose fixed-rate deals had expired and lapsed into cheaper variable-rate mortgages.
  • Suppose, for example, you are worried that interest rates on your variable-rate mortgage are about to climb sharply.
  • Mortgage costs have also been rising for those with variable-rate loans.
  • Some variable-rate plans limit how much your payment may increase and how low your interest rate may fall if the index drops.
  • They can occur in both fixed-rate and variable-rate loans and can be in the form of points, fees, or the interest rate.
  • The amendment applies to variable-rate loans with a term exceeding one year and secured by the consumer's principal dwelling.

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