Indexed ARM
Definition
An ARM on which the interest rate adjusts mechanically based on changes in an interest rate index, as opposed to a "discretionary ARM" on which the lender can change the rate at any time subject only to advance notice. All ARMs in the US are indexed
Related Terms Other terms related to 'Indexed ARM' starting with the letter 'I' Interest accrual period, Interest rate index, Initial rate period, Initial interest rate, Interest rate Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 