adjustable-rate Hear it!

adjustable-rate definition

adjustable-rate (ə just′ə bəl rāt′)

adjective

designating or of a debt obligation, esp. a mortgage on real property, having terms which allow the interest rate to change over time

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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