In real estate, the adjustment date generally means the date when the interest rate of an adjustable rate mortgage (ARM) changes. The interest rate of an ARM is usually set at a discount rate for an initial period before it is reset—that is, adjusted—as laid out in the agreement, acco...
where the rate is adjusted periodically, as in the case ofARMs. Theadjustment frequencywould set this period, for example with a5/1 ARM, the first five
Definition:A prior period adjustment is the correction of an accounting error that occurred in the past and was reported on a prior year’s financial statement, net of income taxes. In other words, it’s a way to go back and fix past financial statements that were misstated because of a ...
When Is an ARM a Good Idea? You Plan on Refinancing Before the Fixed-Rate Period Expires Some homebuyers view an ARM as a temporary financing tool, since you can always refinance to a fixed interest rate before the adjustment period. In the case of a 5/1 ARM, there's a good chance ...
The cash flow rate is then shown as 4.30%. Since your annuity includes an annual 3% cost of living adjustment we figure the initial cash flow rate as if there were no increases over time. That's a more conservative way to do this. So the 4.30% cash flow rate we show is really an...
Typically, whether you are coming to ActionScript 3.0 from a prior version of ActionScript or another language altogether, there is an adjustment period during which users must occasionally adapt to a new way of doing things. Here’s a look at some of the highlights of ActionScript 3.0. ...
Vesting period is the span of time where an employee must render his services to his employer before he may unconditionally own shares of stocks as... Learn more about this topic: Retirement: Definition, Influencing Factors, Preparation & Adjustment ...
What is meant by the term discounting? Describe what is meant by a prior period adjustment, and give two examples. Define the following term: Tax planning. What is meant by the "realization of profits"? What does supply labor mean?
Adjustable period:The adjustable period starts after the fixed period ends, continuing until you sell, refinance or pay off the loan. Rate of adjustment:ARMs adjust every six months to a year. This is the second number in the name (the “1” in “7/1” or the “6” in “5/6″)....
In the first few weeks of medical school, the adage of "medical school is like drinking from a fire hose" came true. Starting med school is a major adjustment. I found I wasn't alone having difficulty drinking from the fire hose, as my classmates shared the s...