adjustable interval
This is the amount of time between adjustments to the interest rate and monthly payment on an adjustable rate mortgage (ARM) loan.
Get a Free Quote
The following dictionary definition list is provided for clarification only. Note that many definitions are not directly applicable to mortgages, loans or other financial terminology in this glossary. Used with permission: WordNet 2.1 Copyright 2005 by Princeton University. All rights reserved.
adjustable
Adjective: adjustable (capable of being changed so as to match or fit) "adjustable seat belts"
Adjective: adjustable (capable of being regulated) "adjustable interest rates"
interval
Noun: time interval, interval (a definite length of time marked off by two instants)
Noun: interval (a set containing all points (or all real numbers) between two given endpoints)
Noun: interval, separation (the distance between things) "fragile items require separation and cushioning"
Noun: interval, musical interval (the difference in pitch between two notes)
- adjustable interval -
Get a Free Quote
Return to Mortgage Glossary
A-C |
D-G |
H-N |
O-S |
T-Z
