The variable interest rate is a certain number of percentage points above the index rate. (The difference between the two rates is called a margin.) For example, the variable interest rate on your credit card might be prime + 13.79%.
Definition of variable rate: Also called adjustable rate. The interest rate on a loan that varies over the term of the loan according to a predetermined index. Dictionary Term of the Day Articles Subjects
Adjustable Mortgage · All adjustable-rate mortgages have an overall cap. It would also help to be familiar with these terms in their numerical form, as this is the way in which your lender will illustrate the type of ARM you qualify for. 5/1: The five represents the amount of years the interest rate is fixed. The one indicates that the interest rate will adjust.
Variable rate application (VRA) in precision agriculture is an area of technology that focuses on the automated application of materials to a given landscape.
Regulation is a form of control. Merely acting on a variable for the purpose of influencing the state of a system (e.g. acting on the fuel flow rate in an engine for achieving a certain speed), where.
Search Variable rate and thousands of other words in English definition and synonym dictionary from Reverso. You can complete the definition of Variable rate given by the English Definition dictionary with other English dictionaries: Wikipedia, Lexilogos, Oxford, Cambridge, Chambers Harrap, Wordreference, Collins Lexibase dictionaries, Merriam Webster.
Variable-rate A varible-rate agreement, as distinguished from a fixed-rate agreement, calls for an interest rate that may fluctuate over the life of the loan. The rate is often tied to an index that reflects changes in market rates of interest. A fluctuation in the rate causes changes in either the.
Arm Loan adjustable rate mortgage loan mortgage rates Are Rising: Should You Consider an ARM? – If fixed rates on the conventional 30-year home loan hit 5%-likely to occur in the summer given the recent trend-that’s when more homebuyers will weigh the advantages of an adjustable-rate mortgage, · An ARM, also known as a variable-rate mortgage, is a loan that starts out at a fixed, predetermined interest rate, likely lower than what you would get with a comparable fixed-rate mortgage. However, the rate adjusts after a specified initial period-usually three, five, seven, or 10 years-based on market indexes.
Rate definition, the amount of a charge or payment with reference to some basis of calculation: a high rate of interest on loans. See more.
Definition of variable rate: Any interest rate or dividend that changes on a periodic basis. variable rates are often used for convertibles, mortgages,
As planters capable of varying seeding rates on the go become more common, researchers and seed company agronomists are coming to.
Define variable-rate. variable-rate synonyms, variable-rate pronunciation, variable-rate translation, English dictionary definition of variable-rate. adj. adjusted periodically to a rate in accordance with market conditions: a variable-rate mortgage
In other words, the representatives of the EU countries voted for the decision to allow more time to adjust for the panel participating in the compilation of "critical" indices for the definition.