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单词 discretionary adjustable rate mortgage
释义

discretionary adjustable rate mortgage

Definition
A type of mortgage loan wherein the interest rate can be changed at the option of the lender provided that the borrower has been notified of the change before its implementation. Discretionary adjustable rate mortgage are not available in the United States but are common in Europe and Australia where they are used as a primary home loan instrument.
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更新时间:2025/2/2 15:09:29