Variable Interest Rate Financial Glossary

What is it? Variable interest rates change over time. They are calculated by taking the published prime rate (which varies) and adding a fixed percentage or margin on top. For example, a variable rate may be the prime rate plus 3.9 percent.

Finance Term Definition Added By: Molly

Send To Friends!

If you'd like to send the Variable Interest Rate definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Variable Interest Rate. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Indemnity policy is Home contents insurance that only covers you for the second-hand value of you possessions.

Financial Term Bank is A commercial institution licensed as a taker of deposits, banks are mainly concerned with making and receiving payments, and supplying short-term loans to private individuals.

Financial Term Security is Financial instruments such as stocks, bonds, treasuries and debentures. Debt or equity instruments issued by a company, the government or any other institution to investors.

Financial Term Tracker fund is A type of unit trust that tracks a stock market index such as the FTSE 100.

Financial Term MITI is Japans Ministry of International Trade & Industry.