ARM

(redirected from Armen)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

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 ?
After he stares at it for a while, an arm held straight before him, Armen will put it back on his thigh and fill in all the white space, darkening the nails completely.
Color is the biggest factor in rug choice, according to Armen Proudian.
What follows are six of the nineteen original papers that were presented in his honor at the conference, the roundtable discussion on Armen as a person and his influence, and a piece where Armen offers young scholars five Principles of Professional Advancement.
Armen is focused on developing improved treatments to fight cancer at Antigenics, a biotechnology company he founded in 1994.
Armen Computing, Ltd was founded in 1999 with the publication of TradeLog software.
I thought I would take advantage of my position as moderator and organizer to reflect personally on what Armen has meant to me.
Armen will provide an overview of the company and its priority development programs, including Oncophage(R) (vitespen) therapeutic cancer vaccine; AG-707 therapeutic vaccine for genital herpes infection; Aroplatin(TM) platinum agent for cancers; QS-21 vaccine adjuvant; and AU-801, a novel preclinical application of Antigenics' proprietary heat shock protein technology as a treatment for autoimmune disorders.
The drug will fetch around EUR370 million in what company chairman Garo Armen described as "a very favourable transaction".
Jackson said the Lakers are not interested in signing veteran forward Armen Gilliam, waived Monday by the Orlando Magic.
LOS ANGELES, March 19, 2013 /PRNewswire/ -- First-time author Armen Gharabegian is proud to announce the publication of Protocol 7, an epic novel that represents the first installment of a riveting high-tech, high-adventure trilogy that delves into the murky underworld of global conspiracy in the not-so-distant future.
Investigators looked for a suspect until a 19-year-old man, identified as Armen Tagvoryan of Panorama City, surrendered to them around 7:30 p.
NASDAQ: AGEN) today announced that Garo Armen, PhD, the company's chairman and CEO, will present at the Needham & Company Fifth Annual Biotechnology and Medical Technology Conference at the New York Palace Hotel in New York at 8:30 a.