ARM


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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 classic literature ?
Now push this table, whilst I support the arm of your father."
Rosa pushed the table, Cornelius placed the broken arm on it so as to make it flat, and with perfect skill set the bone, adjusted the splinters, and fastened the bandages.
"Now, then, what are you chattering there together about?" said Gryphus, rising and supporting his right arm with his left.
Her bid for the heart of him and the soul of him was finer and more generous than the bid of the Game; yet he dallied with both--held her in his arms, but turned his head to listen to that other and siren call she could not understand.
He seized Joe in his arms, lifted him clear of the floor, and ran with him across the ring to his own corner.
It struck him just below the knees, eliciting a howl of pain and rage, and so throwing him off his balance that he lunged full upon me with arms wide stretched to ease his fall.
So pondering, and from his armed Peers Forth stepping opposite, half way he met His daring foe, at this prevention more Incens't, and thus securely him defi'd.
thy hope was to have reacht The highth of thy aspiring unoppos'd, The Throne of God unguarded, and his side Abandond at the terror of thy Power Or potent tongue; fool, not to think how vain Against th' Omnipotent to rise in Arms; Who out of smallest things could without end Have rais'd incessant Armies to defeat Thy folly; or with solitarie hand Reaching beyond all limit, at one blow Unaided could have finisht thee, and whelmd Thy Legions under darkness; but thou seest All are not of thy Train; there be who Faith Prefer, and Pietie to God, though then To thee not visible, when I alone Seemd in thy World erroneous to dissent From all: my Sect thou seest, now learn too late How few somtimes may know, when thousands err.
His father, Sforza, having been engaged by Queen Johanna[+] of Naples, left her unprotected, so that she was forced to throw herself into the arms of the King of Aragon, in order to save her kingdom.
You must understand that the empire has recently come to be repudiated in Italy, that the Pope has acquired more temporal power, and that Italy has been divided up into more states, for the reason that many of the great cities took up arms against their nobles, who, formerly favoured by the emperor, were oppressing them, whilst the Church was favouring them so as to gain authority in temporal power: in many others their citizens became princes.
"If, my lord, the beams of that sun that thou holdest eclipsed in thine arms did not dazzle and rob thine eyes of sight thou wouldst have seen by this time that she who kneels at thy feet is, so long as thou wilt have it so, the unhappy and unfortunate Dorothea.
He, overwhelmed with confusion and astonishment, after regarding Dorothea for some moments with a fixed gaze, opened his arms, and, releasing Luscinda, exclaimed: