| 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. See Topic: Debt & Bankruptcy Real Estate |
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