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Adjustable Rate Mortgage

A mortgage with an interest rate that changes periodically. Generally speaking, an adjustable rate mortgage is linked to some major benchmark rate; for example, the interest rate may be stated as "LIBOR + 1%." The mortgage may or may not have a cap on how much the interest rate can rise or fall, or on how often the interest rate may change. Very often, the initial interest rate for an adjustable-rate mortgage is lower than that for a fixed-rate mortgage. This allows more people to qualify for an adjustable-rate mortgage; however, this kind of mortgage can be risky because the interest rate (and therefore the monthly payment) can rise unexpectedly. Indeed the prevalence of ARMs has been blamed for the housing bubble in the mid-2000s and the subsequent recession. See also: Credit Crunch, Teaser Rate.

Anti-Money Laundering

Any law or regulation requiring an institution to perform due diligence on potential clients to ensure that it is not aiding in a money laundering scheme. If the institution does not conduct due diligence properly, it may be held legally liable for the money laundering activities. These regulations were an important part of the USA PATRIOT Act.
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See adjustable mortgage loan.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Using genetically engineered mouse models and human AML cells, Dickins and his team have found that maturation of AML cells is not unidirectional as originally thought but can instead be reversible.
Both the banks have been advised to update their systems and processes and provide appropriate training to the concerned officials as well as make improvement in the area of AML and credit risk monitoring.
The open-label, single-arm phase 2 study evaluating VANFLYTA in Japanese patients with relapsed/refractory FLT3-ITD AML met its primary endpoint of achieving a pre-determined composite complete remission rate at interim analysis, triggering an early stop of the study due to efficacy.
FLT3 gene mutations are one of the most common genetic abnormalities in AML.[4] FLT3-ITD is the most common FLT3 mutation, affecting approximately one in four patients with AML.[5] FLT3-ITD is a driver mutation that presents with high leukemic burden and has poor prognosis and a significant impact on disease management for patients with AML.[6]
The primary panel of monoclonal antibodies (mAbs) used were CD45 (for blast identification), CD13, CD33, CD34, HLA-DR and for AML M4/M5 CD14, for AML M6 anti-glycophorin A and for AML-M7, CD61, CD41 and CD42 were used.
CEBPA mutations occur in approximately 10% of AML cases and double mutations confer a favorable diagnosis (16, 17).
"We welcome the decision to recommend this treatment for adults with high-risk AML."
In summary, 4 of 143 cases (3%) of suspected MDS or AML were reclas sified; one resulting in a significant change of diagnosis, CUS to MDS-RS.
The AML chief, who set off on a tour of his constituency on a motorcycle, while speaking to media men said that he is thinking of replacing his party symbol from the current pen and a bottle of ink to a motorcycle.
Keywords: AML presentation, AML epidemiology, AML in Pakistan, Myeloperoxidase, AML-M2.
AML RightSource, a provider of Anti-Money Laundering ("AML"), Bank Secrecy Act ("BSA"), and Financial Crimes compliance service, has announced that it has named John J.
Summary: Washington DC [USA], Nov 28 (ANI): Acute myeloid leukemia (AML) is a cancer of the myeloid line of blood cells, characterised by the rapid growth of abnormal white blood cells that build up in the bone marrow and interfere with the production of normal blood cells.