Adjustable Rate Mortgage Financial Glossary

What is it? Mortgage in which the rate of interest is adjusted based on a standard rate index. Most Adjustable Rate Mortgages have caps on how much the interest rate may increase.

Finance Term Definition Added By: Trinity

The Adjustable Rate Mortgage definition has been viewed 2767 Time(s)!

Send To Friends!

If you'd like to send the Adjustable Rate Mortgage 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 Adjustable Rate Mortgage. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term expiration date is The final date on which an option may be used.

Financial Term Chattel mortgage is A mortgage on personal property, given to secure a debt. Typically used in the sale of a business. Also called a security agreement.

Financial Term discount securities is (1) Securities that do not pay periodic interest. Investors earn the difference between the discount issue price and the full face value paid at maturity. Treasury bills, bankers acceptances, and zero coupon bonds are discount securities. Most commercial paper is also issued at a discount. (2) Any security that is trading at a price less than par or 100.

Financial Term EBITDA Earnings Before Interest Taxes Depreciation and Amortization is Definition Fundamental measure of your companys operational health. A key measure in determining the amount of financing a lender can provide. Positive EBITDA allows the business to pay interest, taxes, dividends, and repay loans. EBITDA is equal to Revenue less Cost of Sales and SGA.

Financial Term Consolidated Omnibus Budget Reconciliation Act of 1985COBRA is If your company is covered by a COBRA plan and you leave your job for whatever reason and were an active participant in the companys health plan prior to your departure date, you have the right, if you wish, to continue the health insurance coverage you and your family received, for at least 18 months. You will have to pay for this coverage out of your own pocket, but it cannot be more than 102 percent of the normal cost of coverage. COBRA is meant to protect you while you look for another policy.