Adjustment Date

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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.
References in periodicals archive ?
These include the new White Collar Exemption, demographics of affected workers, and automatic adjustment dates to HCE levels.
The company said that the conversion and exercise prices of the notes and warrants will be adjusted to 85% of market price on the occurrence of certain future adjustment dates as defined in the transaction documents.
Another had significant numbers of biweekly ARMs with odd-day (i.e., not first of the month) adjustment dates. Such features only exacerbate the potential for error.