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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 ?
Taking its name from the French word for "pod," Philippe Nigro's Cosse sofa for Ligne Roset is made of sleek polyurethane foam seating and armrests that comfortably nestle to users' contours.
Symbol Task Figure A Drop suddenly into the anterior part of [ILLUSTRATION the chair seat without resting the arms OMITTED] B Rise C Drop suddenly into the middle part [ILLUSTRATION of the chair seat resting the arms OMITTED] D Raise both legs [ILLUSTRATION OMITTED] E Lean backward until the chair front [ILLUSTRATION feet is 5 cm above floor OMITTED] F Straight back the chair slowly and [ILLUSTRATION seat straight OMITTED] G Rise H Drop suddenly in the middle of the [ILLUSTRATION right armrest OMITTED] I Raise both legs [ILLUSTRATION OMITTED] J Rise K Drop suddenly in the middle of the [ILLUSTRATION left armrest OMITTED] L Raise both legs [ILLUSTRATION OMITTED] M Rise N Stand in the middle of the chair seat O Jump P Rise Table 2.--Maximum percentage values at chair's structural elements.
You might say it is not worth replacing it; but with so many controls on today's tractors grouped on the right of the seat, the armrest becomes an almost essential pivot point for the operator.
This includes soft leather upholstery with contrast piping for the first two rows of seats, and for the extra-padded armrests on the front doors.
This resulted in specifications like three removable access doors; armrests, footrests and hand grips; an ergonomic V-shaped patient seat designed for back support and perineal access; cushioned headrest; trapeze with sky hook towel grip; and the elimination of water jets--demonstrably devoid of patient benefits--to reduce cleaning and turnaround time by 75 percent.
Like 'elbonics' for what happens when two people maneuver for the same armrest in a movie theater.
With its swivelling and automatically tilting seat, mini steering wheel, floating armrest and fingertip controls, the new truck virtually eliminates repetitive strain injury.
An armrest from a Titanic deckchair, washed ashore on Nova Scotia, went for pounds 5644 and a tile from the first-class smoking room made pounds 2117.
Insert your finger into the toilet's armrest to check your blood pressure, a measure of the force your heart uses to pump blood.
Each auditorium will offer plush, roomy seating with cup holder armrest and large wall-to-wall screens.
They obtained six different types of material from a major airline carrier (armrest, plastic tray table, metal toilet button, window shade, seat pocket cloth, and leather), inoculated them with the bacteria and exposed them to typical airplane conditions.
Those seats were measured at a pitch (distance between seats) of 34 inches and width (armrest to armrest) of 18 inches.