ARM

(redirected from armless)
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 ?
Employing mostly amateurs - the armless boy, Hangao, is played by Hiresh Feysal Rahman, who suffered the same loss - Ghobadi is able to balance unbearable tragedy with everyday kid behavior and a good deal of rough humor.
The armless maniac has reluctantly exchanged jobs with Weaver.
Leica Geosystems (Norcross, GA) has a new armless and wireless portable T-Probe for its LTD700/ LTD800 laser trackers.
Replace a few waiting room armchairs with armless models or couches.
A two-seat sofa can be expanded to a three-seat sofa simply by adding another single armless recliner or a four-seat home theater design by adding two armless recliners with arms or wedge arms.
State Minister for Welfare and Social Security, Ibrahim Adam Ibrahim described the acts of the Revolutionary Front as aggression against the armless people and subversive acts intended to halt development and services provided to the people and to undermine the elections.
Speaking at a conference "Palestine Wants Peace" at a local hotel he said that Israel was violating all international laws and United Nations charter by bombarding armless Palestinians.
The Qatari Delegate urged the international community to shoulder its responsibly towards protecting the desperate Syrian people and take action to avoid more killings and massacres against armless civilians in Syria.
13), if they can even manage to access the low, hard, armless, backless, benches, they'll not be able to sit and admire the windfarm or wall for long.
Matt Stutzman, 29: competed in Archery, Men's Individual Compound Open: American Matt - who calls himself The Armless Archer - won silver in his event.
htm) poster reveals Michonne with her armless walker groupies, Rick with a hoard of zombies behind him, and David Morrissey's the Governor with the mysterious helicopter flying above him.
On the occasion, speakers strongly condemned the killing of AT leader Ashique Ali Brahmani and injuring of workers and said it was open terrorist action to target the peaceful protestors and attacking the armless innocent people.