below-market interest rate

(redirected from BMIR)
Also found in: Acronyms.

below-market interest rate (BMIR)

Government-subsidized interest rate concessions offered to spur development,usually in a particular market segment,such as low-income housing,or in particular market areas,such as parts of the country heavily damaged by natural disasters.In the housing industry, the borrower is generally required to pass along the savings to consumers in the form of lower rents.