ARM

(redirected from armband)
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 ?
Additionally, the manufacturer revealed a design transformation for its popular Adidas armbands, which are now more functional and comfortable.
I've always found bags are too big or bouncy and the armbands are too slippy to sit comfortably.
0 technology, the armband is equipped with rechargeable lithium-ion batteries and an ARM processor.
A CONSERVATIVE MP who qualified as a referee as a 12-year-old played a key role in securing FIFA's agreement to allow England players to wear poppies on their black armbands on Saturday.
People will not believe the rumor about the skipper's armband because they know that my relationship with Hassan is very good, but other rumors could affect Egypt in such a crucial stage.
C[pounds sterling]ICOd never given up on the armband and never will do,C[yen] he added after seeing it passed round the squad in previous games.
Meanwhile, frustrated operators began to scan just about anything except the patient armband in an attempt to capture an image that would allow them to continue to perform the bedside glucose test--the dawn of a habit known as the "workaround.
It only weighs 60g and, almost as if to prove how lightweight and manageable it is, comes with a funky armband in the box when you buy it.
The SenseWear Armband by BodyMedia of Pittsburgh monitors and records medical data on a continuous, wireless basis.
Last February, they simulated a computer-generated landing of a jumbo jet: A pilot wore an armband equipped with electrodes, metal sensors that transmit electric current.
Mori also wore a morning suit, but not a black tie or armband, the officials said.