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Related to Armes: Hermes, ARNES


Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.


See adjustable-rate mortgage.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.


See Adjustable Rate Mortgage.

The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Warwickshire Police said, while in custody, Armes damaged police intercom and CCTV systems.
She told the bench that Armes had 18 previous convictions for 42 offences including theft and failing to surrender.
La reponse a la question d'interpretation posee en l'espece en dira long sur l'avenir du droit canadien et surtout sur la collaboration intergouvernementale par rapport aux enjeux ayant, comme la reglementation des armes a feu, un double aspect.
Laurie Upshon, national chairman; David Ilott, director; Gerry Armes, Midlands life president; Steve Dann, Midlands chairman, all Journalists' Charity.
Avec toute determination, l'Egypte ne reculera jamais face aux groupes armes qui se disent pacifiques.
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.
It has brought us in more customers than it has ever kept away," the Daily Mail quoted Armes as saying.
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.
Mr Armes said: "It was very frightening, but everyone who put their names down just got on with it and jumped.
Ivo Solutions, a consulting firm created in 2003 by David Armes, former B2B e-commerce director for Tesco PLC, specializes in turning those opportunities into reality.
Now organiser Gerry Armes, chairman of the West Midlands district, has now been told the stadium is having to raise its catering charges by more than 30 per cent.
Label France On les appelle " armes lE[umlaut]gE res " ou " petites armes ", car elles sont d'un faible encombrement-; mais il s'agit pourtant bien d'" armes de destruction massive ", responsables de la mort de prE s de 300 000 personnes par an, selon des chiffres publiE[umlaut]s par les Nations unies.