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adjustable life insurance
adjustable peg
adjustable-rate
adjustable-rate mortgage
adjustable-rate preferred stock
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adjustable-rate mortgage

ad·just·a·ble-rate mort·gage (plural ad·just·a·ble-rate mort·gag·es)


noun 
Definition:
 
mortgage with variable interest: a mortgage on which interest is payable at a rate that varies according to a predetermined formula. The interest is typically tied to the prime rate or another interest rate.

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