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 periodicals archive ?
The part needed to be formed at a very slow speed to avoid compromising the thermoplastic because the depth of the tub and the armrests contained in the mold demanded a very deep draw to 26 inches (draw limit is 32 inches).
A servo-assisted mini steering wheel gives featherlight palm of the hand steering, eliminating wrist strain, and the floating armrest prevents stress to the upper arm and shoulders.
Movable aisle armrests on half the aisle seats in "new" aircraft with 30 or more seats.
If a customer cannot comfortably lower the armrest and infringes on a portion of another seat, a customer seated adjacent would be very uncomfortable and a timely exit from the aircraft in the event of an emergency might be compromised if we allow a cramped, restricted seating arrangement," Southwest said.
If the center section of the seatback is not in use, it can be folded forward for use as an armrest with integral cupholders.
The seat depth, armrest height, and back recline adjust for proper fit.
The Lincoln has a power seat that moves forward when the backrest is pushed forward; therefore, it is easy to put the two legs and the right-side armrest behind the driver's seat.
Other features include a fridge fitted in the armrest between the front seats, special split-rim 18-inch alloy wheels, Bi-xenon headlights, a mini disc player, with sub-woofer and rear seat headphone sockets, an integratedGSM telephone, rear skidplate, aluminium roof rails, 'Executive' badging, silver square-mesh grille, and body-coloured door handles and waist mouldings.
Features include a fridge fitted in the armrest between the front seats, special split-rim 18in alloy wheels, a mini-disc player and an integrated GSM telephone.
One recurring problem I've encountered on flights is the pot-luck nature of finding a seat immediately adjacent to the aisle with an armrest that moves up to about 90 degrees from the plane of the seat surface--making the transfer from wheelchair to seat, and visa versa, possible.
We can undercut that by 20%, and provide the same performance characteristics," he claims before telling how variations on this material are being formulated for seat, armrest, and instrument panel foam; floor mats; carpet backing; and molded NVH and splash shields.