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Recast Clause |
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Recast Clause A contract provision that adjusts the payment on an ARM periodically to make it fully amortizing. See Adjustable Rate Mortgage (ARM)/How the Monthly Payment on an ARM Is Determined/Negative Amortization ARMs. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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