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variable rate Finance Definition
An interest rate, typically one on a loan or credit card agreement, that varies according to whether certain conditions are met. The interest rate is often linked to an index that fluctuates as market conditions change. However, there will be a limit on how high the interest rate can climb.
variable rate Usage Examples

Converse of object

  • offer: Capped: A capped mortgage offers a variable rate with a fixed element.

Noun used with modifier

  • interest: An introductory rate is a discount off the fixed or variable interest rate for a credit card.