Share this entry

Share this page

adjustable-rate

Syllabification: adjustable-rate

Definition of adjustable-rate in English:

adjective

US
Denoting or relating to a mortgage or other loan with an interest rate that may be changed in response to economic conditions: more borrowers had been opting for adjustable-rate mortgages
More example sentences
  • Greenspan told consumers to get adjustable rate mortgages as interest rates were hitting 45 year lows.
  • These are the most sensitive mortgages, one year adjustable rate mortgages, in fact, that's where you would see the impact.
  • That - and the rising interest rate environment putting pressure on adjustable rate mortgages - could result in more mortgage defaults.

Definition of adjustable-rate in:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day Noel
Pronunciation: nəʊˈɛl
noun
Christmas…