Interest rate floor
Definition
The lowest interest rate possible under an ARM contract. Floors are less common than ceilings. See Information to Evaluate an Adjustable Rate Mortgage.
Related Terms Other terms related to 'Interest rate floor' starting with the letter 'I' Interest payment, Interest rate adjustment period, Initial interest rate, Interest rate index, Initial rate period 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 | 