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 - Investment & Finance Definition
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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"variable rate." YourDictionary, n.d. Web. 14 January 2019. <https://www.yourdictionary.com/variable-rate>.
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variable rate. (n.d.). Retrieved January 14th, 2019, from https://www.yourdictionary.com/variable-rate
