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
Adjustable-rate Sentence Examples
The adjustable rate escapement shown in below resembles the inverse escapement in **** .
To offset the risk associated with an adjustable rate mortgage, some lenders offer various ' capping ' options.
When you think of the diffferent types of mortgage options, you may think of fixed and Adjustable Rate Mortgages, but there is a lot more to know about mortgages than that.
Rather than thinking about Fixed Rate Mortgages and adjustable rate mortgages (ARMS), it is better to start off thinking in terms of a conventional or government mortgages loans.
With an adjustable rate mortgage (ARM), your interest rate is directly tied to economic indicators, meaning the amount of interest you pay during a given period can fluctuate, sometimes to the tune of several hundred dollars a month.