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.
30pm on October 1, and eventually went downstairs where she saw Armes in a hoodie at the back patio door.
But Armes disagreed, and said her 'no brats' policy was here to stay.
L'abrogation de l'enregistrement des armes a feu serait une grave erreur qui porterait un coup dur a la sante publique et a la securite de la population.
Jean Whittaker uses a diagnostic opthalmoscope on Sunnyside pub landlord Carl Armes, who helped to raise enough money to buy two of the medical instruments.
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.
Colin Armes, 46, of Kinver, Staffordshire, accused Royal Mail bosses at Stourbridge sorting office of 'turning a blind eye' to the re-posting.
Armes concluded an extensive career at Whirlpool Corporation where he served in a variety of leadership positions across the company, both in the US and key emerging markets globally.
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.