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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 periodicals archive ?
During the talk the sides also touched upon the significance of making collective efforts in the establishment of the international peace and stability, and connected with that the Chairman of the RA NA Standing Committee on Foreign Relations Armen Ashotyan has stated that Armenia has been and continues to remain committed to its readiness of turning from security consumer to security supplier.
After he stares at it for a while, an arm held straight before him, Armen will put it back on his thigh and fill in all the white space, darkening the nails completely.
The two stores complement each other beautifully, according to Armen Prouudian "Greg and I know each others strengths, as well as each other's inventory," he said "I know which customers to send him, and he knows which ones to send me.
He served as its president in 1975, published influential work in Economic Inquiry (Alchian [1969], an article that Armen views as his best paper), and was instrumental in helping the annual WEA meetings take their present form.
Armen has made significant contributions in revitalizing rural Armenia by creating an unprecedented development program, which provides immediate and sustainable benefits to the country's children and youth.
HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani sent Wednesday a cable of congratulations to HE Armen Sarkissian on the occasion of his election as President of Armenia.
In the context of Eastern Partnership priorities Armen Ashotyan touched upon Armenia's multi-track or the so-called 'complimentary' Eastern partnership position and in relation to this underlined that we should take into consideration that every state included within the framework of the Eastern Partnership has its own interests and guideline.
Art, the Distinguished Art Worker of the Republic of Armenia, Professor Armen Mazmanyan,
When asked about new features, Jason Derbyshire, Business Development Manager for Armen Computing says, "Visitors will find enhanced video media including tutorials and webinars to play on-demand.
Dr Armen - who was brought in earlier this year to oversee a massive restructuring operation - said the Abelcet sale marked the first large asset to be disposed of under Elan's recovery plan, which, when put together with other sales, would mean the strategy was approximately one- third complete.
Armen Rustamyan, an official of the National Assembly of the Republic of Armenia, is proposing a sister-city relationship between Glendale and Armenia's capital.
I thought I would take advantage of my position as moderator and organizer to reflect personally on what Armen has meant to me.