ARM

(redirected from ARME)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia.

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 ?
Last December, ARME successfully rescued and re-homed 11 dogs in the United States as part of their ongoing efforts to enforce animal cruelty laws, to ensure that dogs bred, captured (stolen) and slaughtered for meat do not suffer horrific torture, and those who break these laws will be charged criminally.
La plupart des armes entrant en Libye ne vont pas au gouvernement legitime mais a son rival ou a des groupes armes.
Une projection video des operations de saisie de ces armes a eu lieu a cette occasion.
Le chef de l'Etat francais - "Papa Francois Hollande", comme l'ont surnomme les habitants de Tombouctou, "frere de tous les Maliens et ami sincere de l'Afrique", selon le president malien par interim Dioncounda Traore - a denonce avec force la "barbarie" des groupes islamistes armes en visitant la cite emblematique de Tombouctou, mutilee par les jihadistes.
Mrs Armes said she almost did not enter the competition for the holiday at the weekend but was talked into making the call by her husband, Jerry.
Les cadres de l'Eetat islamique ont tout ce qu'il faut pour fabriquer leurs propres armes chimiques [beaucoup plus grand que], s'inquiete-t-il.
Les heurts les plus meurtriers se sont produits a Souleimane Bek, au nord de Bagdad, oE des hommes armes ont tue cinq soldats et blesse cinq autres, selon un haut officier de l'armee et un responsable administratif.
Mrs Armes said a former work colleague had gone to Dubai and she hoped to meet up with him.
L'homme arrete jeudi dans un hotel de Disneyland Paris en possession de deux armes et d'un Coran etait toujours en garde a vue vendredi et sa compagne et sa mere ont ete entendues, a-t-on appris de source policiere.
La Commission europeenne a adopte, hier, une serie de mesures visant a rendre plus difficile l'acquisition d'armes a feu dans l'Union europeenne, a ameliorer la tracabilite des armes detenues legalement et a renforcer la cooperation entre les Etats membres afin de garantir que les armes a feu neutralisees sont rendues inoperantes.
Des scientifiques de l'armee britannique ont trouve des preuves medico-legales que des armes chimiques avaient ete utilisees dans le conflit en Syrie, a rapporte le journal The Times hier samedi.
beaucoup moins que] Nous avions ete charges de cette mission delicate (approvisionnement des maquis en armes) parce que nous avions deja un passe de militantisme, car nous etions deja dans l'OS, et nous sommes parvenus a fabriquer nos propres armes [beaucoup plus grand que], a-t-il indique.