Definition

Adjustable-rate mortgages (ARMs)

Adjustable-rate mortgages (ARMs) is the loans against real property whose interest rate periodically adjusts to changes in market interest rates.

Share it:  Cite

More from this Section

  • Sweep accounts
    Sweep accounts is the contracts executed between a bank and some of its deposit customers ...
  • Liquid asset
    Liquid asset is the any asset that meets three conditions: (1) price stability, (2) ready ...
  • Indirect financing
    Indirect financing is the process by which deficit spending units obtain funds from financial ...
  • Automatic Data Processing (ADP)
    Automatic Data Processing (ADP) acts as an intermediary to perform proxy services for ...
  • Currency option combination
    Currency option combination is the use of simultaneous call and put option positions to ...