Definition of adjustable-rate mortgage in English:

adjustable-rate mortgage

Syllabification: adjustable-rate mortgage

Entry from US English dictionary

(abbreviation: ARM)

noun

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

More definitions of adjustable-rate mortgage

Definition of adjustable-rate mortgage in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day crowdsource
Pronunciation: ˈkraʊdsɔːs
verb
obtain (information) by enlisting help of many people…