adjustable-rate mortgage

ad·just·a·ble-rate mort·gage

A a

Definition of adjustable-rate mortgage words

noun adjustable-rate mortgage a mortgage that provides for periodic changes in the interest rate, based on changing market condtions. Abbreviation: ARM. 1

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This term is known only to a narrow circle of people with rare knowledge. Only 1% of English native speakers know the meaning of this word.

According to our data most of word are more popular. This word is almost not used. It has a much more popular synonym.

arm — Your arms are the two long parts of your body that are attached to your shoulders and that have your hands at the end.

fixed-rate mortgage — a home mortgage for which equal monthly payments of interest and principal are paid over the life of the loan, usually for a term of 30 years.

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