ARM

(redirected from Armes)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia.
Related to Armes: Hermes, ARNES

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 ?
Selon le ministre russe de la D[euro]u[c]fense, Sergue[euro]ui Cho[euro]uigou, les armes russes sont d[euro]u[c]sormais capables de "surpasser tous les syst[euro]uA mes antimissiles existants".
She added that, because his last conviction on October 9, 2015, had resulted in a two-year suspended sentence, Armes had breached those terms by committing the fraud.
Gale Gilchrist, prosecuting, explained how the officer, who used the name 'Stu', saw Armes in the toilets at the Blandford Arms pub and asked if he had any cannabis in November 2010.
But Armes disagreed, and said her 'no brats' policy was here to stay.
L'abrogation de l'enregistrement des armes a feu serait une grave erreur qui porterait un coup dur a la sante publique et a la securite de la population.
Jean Whittaker uses a diagnostic opthalmoscope on Sunnyside pub landlord Carl Armes, who helped to raise enough money to buy two of the medical instruments.
Ivo can point to real, quantified savings achieved for its clients, Armes says.
Clive Day, representing Royal Mail, told the tribunal that a pack of at least 30 letters had not been delivered by Mr Armes.
We are delighted to welcome Roy Armes to Manitowoc's board of directors," said Glen E.
Les Etats-Unis avaient reclame la tenue d'un vote sur le projet de resolution presente la semaine derniere visant a permettre au comite d'experts de l'ONU et de l'OIAC (Organisation pour l'interdiction des armes chimiques) de poursuivre pendant une annee supplementaire leurs travaux pour identifier les auteurs des attaques aux armes chimiques au cours des six ans de guerre en Syrie, detaille la meme source.
Tels furent, ce vendredi, les propos de Madame BeritReiss-Andersen, la Presidente du Comite Nobel norvegien au moment de la remise du Prix Nobel de la Paix a l'ICAN, la Campagne Internationale pour l'Abolition des Armes Nucleaires, une coalition mondiale d'ONG oeuvrant dans le cadre de l'elimination des armes nucleaires constituee a Vienne en 2007 en marge d'une Conference internationale du Traite sur la non-proliferation des armes nucleaires.
The court heard that Trading Standards had tried to contact Armes on a number of occasions and that the couple were quoted PS5,000 to correct the work.