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adjustable

Browse the Dictionary:: A; B; C; D; E; F; G; H; I; J; K; L; M; N; O; P; Q; R; S; T; U; V; W; X; Y; Z; #

adjustable rate mortgage

Main Entry: adjustable rate mortgage

Function: noun

Date: 1981

: a mortgage having an interest rate which is usually initially lower than that of a mortgage with a fixed rate but is adjusted periodically according to the cost of funds to the lender

Learn more about "adjustable"

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