Adjustment interval
Definition
On an ARM, the time between changes in the interest rate or monthly payment. The rate adjustment interval and the payment adjustment interval are the same on a fully amortizing ARM, but may not be on a negative amortization ARM
Related Terms Other terms related to 'Adjustment interval' starting with the letter 'A' Accrued interest, Appraisal, APR, A Credit, Assumable mortgage 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 | 