Adjustment Date

Adjustment Date

In an adjustable rate mortgage or other variable rate loan, the date on which the interest rate changes. The adjustment date occurs regularly, but how often it occurs depends upon the adjustment frequency.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
1 adjustment date would not help one of its members, who runs a company that makes concrete forms for highway construction.
I would like to clarify to the questioner that the labour court will calculate the questioner's end-of-service gratuity from the beginning of his actual employment date with such company, not from the adjustment date of the employment visa.
Tolls may be adjusted prior to the next adjustment date if the U.S.
The inflation-adjusted principal amount of the security for the first day of any month is an amount equal to the principal amount at issuance multiplied by a ratio, the numerator of which is the value of the index for the adjustment date and the denominator of which is the value of the index for the issue date.
A servicer must correct an ARM adjustment error for a mortgage without waiting for the next scheduled interest rate and/or payment adjustment date, This requirement is applicable whether the discovery of an error is the result of
For instance, many floaters that are based on LIBOR or on short-term Treasury bill rates set the interest rate equal to a certain basis-point spread above the average per annum yield of the index since the last adjustment date. The variable-rate notes whose coupons are adjusted less frequently, typically no more than once a year, are based on a longer-term index, such as a one-year or two-year Treasury constant maturity (TCM) rate.(3)
If adjustments to the PRO*FAS calculated accumulated depreciation need to be made to tie to the user's current system, this can be accomplished with case by keying in the adjustment date and the correct amount for the accumulated depreciation on the adjustment date.
These include the new White Collar Exemption, demographics of affected workers, and automatic adjustment dates to HCE levels.