Definition of variable-rate in English:
Denoting or relating to a loan or savings account with an interest rate that may be changed in response to economic conditions: over the last several years, variable-rate mortgages have proven to be money savers
More example sentences
- Mortgage lenders have responded by raising rates for borrowers with variable-rate deals.
- The average rate for a variable-rate credit card was 13.4%.
- In five weeks, however, interest rates on all variable-rate federal education loans are expected to rise by 2 percentage points.
Definition of variable-rate in:
- British & World English dictionary
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