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 classic literature ?
Rosa pushed the table, Cornelius placed the broken arm on it so as to make it flat, and with perfect skill set the bone, adjusted the splinters, and fastened the bandages.
said Gryphus, rising and supporting his right arm with his left.
He seized Joe in his arms, lifted him clear of the floor, and ran with him across the ring to his own corner.
After these came all the other captains who till now have directed the arms of Italy; and the end of all their valour has been, that she has been overrun by Charles, robbed by Louis, ravaged by Ferdinand, and insulted by the Switzers.
Luscinda in her feebleness was on the point of falling to the ground when Don Fernando released her, but Cardenio, who stood near, having retreated behind Don Fernando to escape recognition, casting fear aside and regardless of what might happen, ran forward to support her, and said as he clasped her in his arms, "If Heaven in its compassion is willing to let thee rest at last, mistress of my heart, true, constant, and fair, nowhere canst thou rest more safely than in these arms that now receive thee, and received thee before when fortune permitted me to call thee mine.
At these words Luscinda looked up at Cardenio, at first beginning to recognise him by his voice and then satisfying herself by her eyes that it was he, and hardly knowing what she did, and heedless of all considerations of decorum, she flung her arms around his neck and pressing her face close to his, said, "Yes, my dear lord, you are the true master of this your slave, even though adverse fate interpose again, and fresh dangers threaten this life that hangs on yours.
Thou hast thy wife at thy feet, and she whom thou wouldst have for thy wife is in the arms of her husband: reflect whether it will be right for thee, whether it will be possible for thee to undo what Heaven has done, or whether it will be becoming in thee to seek to raise her to be thy mate who in spite of every obstacle, and strong in her truth and constancy, is before thine eyes, bathing with the tears of love the face and bosom of her lawful husband.
All the time Dorothea was speaking, Cardenio, though he held Luscinda in his arms, never took his eyes off Don Fernando, determined, if he saw him make any hostile movement, to try and defend himself and resist as best he could all who might assail him, though it should cost him his life.
Immediate in a flame, But soon obscur'd with smoak, all Heav'n appeerd, From those deep-throated Engins belcht, whose roar Emboweld with outragious noise the Air, And all her entrails tore, disgorging foule Thir devillish glut, chaind Thunderbolts and Hail Of Iron Globes, which on the Victor Host Level'd, with such impetuous furie smote, That whom they hit, none on thir feet might stand, Though standing else as Rocks, but down they fell By thousands, Angel on Arch-Angel rowl'd; The sooner for thir Arms, unarm'd they might Have easily as Spirits evaded swift By quick contraction or remove; but now Foule dissipation follow'd and forc't rout; Nor serv'd it to relax thir serried files.
So they among themselves in pleasant veine Stood scoffing, highthn'd in thir thoughts beyond All doubt of Victorie, eternal might To match with thir inventions they presum'd So easie, and of his Thunder made a scorn, And all his Host derided, while they stood A while in trouble; but they stood not long, Rage prompted them at length, & found them arms Against such hellish mischief fit to oppose.
Go then thou Mightiest in thy Fathers might, Ascend my Chariot, guide the rapid Wheeles That shake Heav'ns basis, bring forth all my Warr, My Bow and Thunder, my Almightie Arms Gird on, and Sword upon thy puissant Thigh; Pursue these sons of Darkness, drive them out From all Heav'ns bounds into the utter Deep: There let them learn, as likes them, to despise God and MESSIAH his anointed King.
Take your left arm behind your back at the sacrum, with the palm facing outward.