Worst case scenario
Definition
The assumption that the interest rate on an ARM rises to the maximum extent permitted in the note. On a one-month ARM with no rate adjustment caps, for example, the rate would jump to the maximum rate stipulated in the note in month 2 >>
Related Terms Other terms related to 'Worst case scenario' starting with the letter 'W' Waive escrows, Wholesale lender, Wrap around mortgage, Workout assumption 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 | 