ARM

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Related to at arm's length: hold at arm's length

ARM

See: Adjustable-rate mortgage

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 ?

In some situations, relatives can be considered to be at arm's length if the circumstances of their employment are substantially similar to those that would exist if they were dealing at arm's length.

Should your family-run business pay into El for relatives?

These provisions allowed for adjustments to conform to what "would have been reasonable in the circumstances if the non-resident person and the taxpayer had been dealing at arm's length.

Canadian transfer pricing rules keep pace with international developments

Cash management and other intercompany services provided at arm's length did not constitute a unitary flow of value.

Current corporate income tax developments

83-7T(a) states, "a sale or other disposition of [an] option to a person related to the service provider "is, per se, not at arm's length.

Current developments, part I

12) An exception to making the deferred income method election is provided where the taxpayer can demonstrate that the controlled transaction was at arm's length under CUT or CUP.

Temporary and proposed section 482 regulations

On May 21, 1993, Revenue Canada-Customs, Excise and Taxation issued an exposure draft of an information circular (IC) relating to procedures and guidelines for securing an Advance Pricing Agreement (APA) to confirm that a taxpayer's transfer pricing methodology and results will satisfy the requirements for dealing with related parties as though at arm's length.

Proposed Canadian advance pricing agreement information circular

However, in this case, the agreement was negotiated at arm's length and serves as a real and discernable business for the charity.

IRS approves car-donation program

19) Second, even if a taxpayer can show that the IRS acted arbitrarily, capriciously and unreasonably, the taxpayer will still lose its case unless the taxpayer can also show affirmatively that its intercompany transactions were conducted at arm's length.

Resolution of international tax disputes in and out of court: section 482 from the trial lawyer's view

Further, the expenses were not ordinary and necessary and the transactions were not at arm's length.

Sherwin-Williams can deduct intercompany royalties and interest

The common benchmark is the amount that would have been reasonable in the circumstances had they been dealing at arm's length.

Selected Canadian litigation aspects of international pricing disputes: effect of proposed changes

Although the statute itself does not establish an arm's-length standard, current Treasury Regulations provide that "[t]he standard to be applied in every case is that of an uncontrolled taxpayer dealing at arm's length with another uncontrolled taxpayer.

Supplemental comments on H.R. 5270, the Foreign Income Tax Rationalization and Simplification Act of 1992

If the option is disposed of before it is exercised, the tax treatment of the transaction depends on whether the disposition is at arm's length.

CITE

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