adjustable-rate mortgage

adjustable-rate mortgage(ARM) A mortgage in which the interest rate is adjusted at periodic intervals, usually to reflect the prevailing rate of interest in the money markets. Borrowers are sometimes protected by a cap, or ceiling, above which the interest rate is not allowed to rise.

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• auditor
• auditors’ remuneration
• auditors’ report
• audit software
• audit trail
• augmented product
• AUP
• authentication
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• automatic debit transfer
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