Variable rate mortgage See Adjustable-rate mortgage. Variable rate An interest rate that changes periodically in relation to an index. Verification of deposit (VOD) A document signed by the borrower's bank or other financial institution that verifies the borrower's account balance and history. ...
Variable rate mortgage See Adjustable-rate mortgage. Variable rate An interest rate that changes periodically in relation to an index. Verification of deposit (VOD) A document signed by the borrower's bank or other financial institution that verifies the borrower's account balance and history. Verif...
ARM definition - What does Adjustable rate mortgage (ARM) mean? A loan in which the interest rate is periodically adjusted, moving higher or lower in the same ratio as a preselected index, such as Treasury bill rates. ARM loans may include caps on intere
Most employees want to be involved in a successful business and most employees are happy for people running successful businesses to be paid a reasonable wage and a market rate for it, provided they understand the reason. What they hate most of all is pay for failure. —Stuart Rose 0 People...
This type of account pays a fixed or variable interest rate for a set period of time depending on the type of CD you choose. Theinterest rate for a CDcan vary by the amount of the deposit or thelength of the term, typically between three months and five years. If you withdraw your ...