Adjustable Rate Mortgage (ARM)

Business / Real Estate / Adjustable Rate Mortgage (ARM): A broad term for a loan (mortgage or deed of trust) with rates and terms that can change. The adjustable rate loan has become commonplace, with allowable ranges as to time intervals, percentage of increase or decrease and total increases or decreases likely to change as market conditions change.

Other Words for Rate

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

Pass-Through Rate

Business / Finance / Pass-Through Rate: The net interest rate passed through to investors after deducting servicing, management, and guarantee fees from the gross mortgage coupon. MORE

Passive Portfolio Strategy

Business / Finance / Passive Portfolio Strategy: A strategy that involves minimal expectational input, and instead relies on diversification to match the performance of some market index. A passive strategy assumes that the marketplace will reflect MORE

Pass-Through Coupon Rate

Business / Finance / Pass-Through Coupon Rate: The interest rate paid on a securitized pool of assets, which is less than the rate paid on the underlying loans by an amount equal to the servicing and guaranteeing fees. MORE

Pass-Along Rate

Business / Internet Marketing / Pass-Along Rate: The percentage of people who pass on a message or file. MORE

Paris Interbank Offer Rate (PIBOR)

Business / Finance / Paris Interbank Offer Rate (PIBOR): The deposit rate on interbank transactions in the Eurocurrency market quoted in Paris. MORE

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