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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 ?
The Table 1 presents the total RISC cycles required for TCP/IP and UDP/IP packets when the DMA has five clock rates as RISC core.
Under SPE PRMS, only those pay zones expected to be developed by the Company's planned Pilots program were classified by RISC as Reserves in this certification; there are other pay zones in various wells which if developed in subsequent Pilots would be considered by RISC as Reserves.
"Since we've shown that RISC activity is higher in cancer cells than normal, healthy cells, we're hopeful that inhibiting SND1 to decrease RISC activity will do little, if any, damage to healthy liver cells while stopping cancer progression," added Sarkar.
RISC has reached an agreement in principal with Airclaims Ltd., an aircraft valuation and appraisal firm headquartered in England, for Airclaims to be the data partner for
This paper provides a quantitative analysis of the alliance blocks in the RISC (reduced instruction-set computing) microprocessor field.
These applications require support for video coders, speech coders, telephony middleware, JBIG standards (Joint Bi-Level Image Experts Group), MP3, software modem- and other DSP-intensive tasks in addition to supporting a real-time operating system, and system and network management tasks which are better served by a RISC processor.
SGI will also double the base memory on all new MIPS RISC R12000 O2 system configurations from 64MB to 128MB.
Egil Juliussen, contributing editor for IEEE Spectrum, forecasts that "In a few years, the distinction between PCs and workstations will disappear."(1) Workstations have evolved into two groups: those which aggressively push the performance of the central processor unit (CPU) with enhanced clock rates and RISC; and those which use a great number of independent or parallel processors to get the most out of every tick of the clock.
In contrast, RISC processors have only a small set of basic, frequently used instructions built in.
Although confident of the significant advantages of RISC, they also realized that market success ultimately depends on software.
Unicorn, installed on an IBM RISC System/6000 Model 340 host computer, replaced an existing GEAC system at the Alexandrian Public Library.
Elm's new computer, the IBM RISC 6000 System 370, is the most powerful business processor available, and Elm is the first property management company in the United States to put it into use.