ARM

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ARM

ARM

GOST 7.67 Latin three-letter geocode for Armenia. The code is used for transactions to and from Armenian bank accounts and for international shipping to Armenia. As with all GOST 7.67 codes, it is used primarily in Cyrillic alphabets.

Adjustable rate mortgage (ARM).

An adjustable rate mortgage is a long-term loan you use to finance a real estate purchase, typically a home.

Unlike a fixed-rate mortgage, where the interest rate remains the same for the term of the loan, the interest rate on an ARM is adjusted, or changed, during its term.

The initial rate on an ARM is usually lower than the rate on a fixed-rate mortgage for the same term, which means it may be easier to qualify for an ARM. You take the risk, however, that interest rates may rise, increasing the cost of your mortgage. Of course, it's also possible that the rates may drop, decreasing your payments.

The rate adjustments, which are based on changes in one of the publicly reported indexes that reflect market rates, occur at preset times, usually once a year but sometimes less often. Typically, rate changes on ARMs are capped both annually and over the term of the loan, which helps protect you in the case of a rapid or sustained increase in market rates.

However, certain ARMs allow negative amortization, which means additional interest could accumulate on the outstanding balance if market rates rise higher than the cap. That interest would be due when the loan matured or if you want to prepay.

ARM

See adjustable-rate mortgage.

ARM

See Adjustable Rate Mortgage.

References in periodicals archive ?
So Stu, Armes and Hackett took a taxi and when they arrived collected a white carrier bag from their accomplice, David Hounslow.
Armes had ripped metal bars off the back door and knocked a bedroom door off its hinges, causing pounds 1,000 worth of damage.
L'epidemie de violence par balle ne sevit pas autant au Canada qu'aux Etats-Unis, mais les lobbys des armes a feu sont actifs ici aussi, et ils tentent depuis des annees de faire barrage ou d'annuler les lois et les politiques progressistes qui visent a reduire ce type de violence.
Mr Armes said: "It was very frightening, but everyone who put their names down just got on with it and jumped.
In this book about the history and future of African filmmaking, Armes examines the effects globalization, national and cultural identity and sociopolitical context have had on African filmmakers and their industry.
Weiner, in his current ``Martin's Guide to Wine Bargains,'' lists this wine, the 2003 Les Armes de France, presently available at Trader Joe's, along with other good wine buys in the Los Angeles area.
Mr Armes was sacked for gross misconduct after an internal inquiry.
beaucoup moins que] Nous avions ete charges de cette mission delicate (approvisionnement des maquis en armes) parce que nous avions deja un passe de militantisme, car nous etions deja dans l'OS, et nous sommes parvenus a fabriquer nos propres armes [beaucoup plus grand que], a-t-il indique.
Les recommandations de l'atelier ont souligne l'importance de condamner les mouvements armes de recruter de force des enfants et les abus.
Contractor address : 7 allee des Roseaux quartier place d Armes
Des manifestants armes sement l'horreur au Caire et tirent sur les forces et en plus sabotent et incendient plusieurs batiments du centre-ville.
Le President russe, Vladimir Poutine, qui conduit la delegation de son pays aux travaux du G8, a donne le ton dimanche soir a l'issue d'entretiens a Londres avec le Premier ministre britannique, David Cameron, quand il a insiste que Moscou continuera a fournir des armes au gouvernement de Bachar Al-Assad.