adjustable rate mortgage

A mortgage in which the lender can periodically adjust the mortgage’s interest rate in accordance with fluctuations in some external market index. — Abbr. ARM.

— Also termed variable-rate mortgage; flexible-rate mortgage.

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词条贡献者

译者Sherry，毕业于欧洲顶尖的高级翻译学院，擅长翻译各种与复杂并购相关的法律文件。