ARM

(redirected from brachium)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

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 ?
Consequently, DS data had revealed that the patients with RD and RS had preserved the permeability of the arteries of brachium and shoulder, whereas average LBV made 19.
The involvement of the dentate nuclei was not correlated to clinical cerebellar ataxia, while the common findings of abnormal signals involving brachium pontis fibers and cerebellar white matter might provide a possible explanation.
During both of the angiography studies, the skin over the entire left brachium fluoresced.
Hepatopancreas is the likely organ of vitellogenin synthesis in the freshwater prawn, Macro brachium rosenbergii.
Si non iaceres, mediatorem necessarium non haberes: quia vero iaces, et surgere non potes, mediatorem quodammodo Deus tibi porrexit brachium suum>>.
calcar is similar in the presence of a long median brachium flanked by two small ones and a central adhesive disc.
The central brachium was light green, while the adjacent posterior body region was dark olive.