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adjustable-rate mortgage

Syllabification: adjustable-rate mortgage
(abbreviation: ARM)

Definition of adjustable-rate mortgage in English:

noun

A mortgage whose rate of interest is adjusted periodically to reflect market conditions. Also called variable-rate mortgage.
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.

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Pronunciation: prɪˈpəʊt(ə)nt
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