Adjustable Rate

Business / Finance / Adjustable Rate: Applies mainly to convertible securities. Refers to interest rate or dividend that is adjusted periodically, usually according to a standard market rate outside the control of the bank or savings institution, such as that prevailing on Treasury bonds or notes. Typically, such issues have a set floor or ceiling, called caps and collars that limits the adjustment.

Other Words for Rate

Rate Verb Synonyms: measure, pace, gait, speed, velocity, clip
Rate Noun Synonyms: rank, grade, class, classify, evaluate, estimate, calculate, compute, count, reckon, judge, gauge, assess, appraise, measure

Teaser Rate

Business / Finance / Teaser Rate: A page from an S&P stock that provides information on thousands of stocks, often sent to prospective purchasers. MORE

Rate Cap

Business / Real Estate / Rate Cap: The limit on the amount the interest rate can be increased at each adjustment period in an adjustable rate loan. The cap may also set the maximum interest rate that can be charged during the life of t MORE

Initial Rate

Business / Real Estate / Initial Rate: The inital rate charged to a borrower for the first adjustment period of an adjustable rate mortgage. MORE