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词汇 adjustable rate mortgage (ARM)
释义 `1`adjustable rate mortgage (ARM) `2`
"Nolo Everybody's Legal Dictionary":

A mortgage loan with an interest rate that fluctuates in accordance with a designated market indicator -- such as the weekly average of one-year U.S. Treasury Bills -- over the life of the loan. To avoid constant and drastic fluctuations, ARMs typically limit how often and by how much the interest rate can vary.

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