Renegotiable-rate mortgage



[ree-ni-goh-shee-uh-buh l-reyt, -shuh-buh l-] /ˌri nɪˈgoʊ ʃi ə bəlˌreɪt, -ʃə bəl-/
noun
1.
a type of home mortgage for which monthly payments stay constant for a term, usually of three to five years, and the interest rate is renegotiated at the end of every such term until the loan is paid off.
Abbreviation: RRM.

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  • Renegotiate

    verb (used with object), renegotiated, renegotiating. 1. to negotiate again, as a loan, treaty, etc. 2. to reexamine (a government contract) with a view to eliminating or modifying those provisions found to represent excessive profits to the contractor. verb (used without object), renegotiated, renegotiating. 3. to negotiate anew. 4. to reexamine the costs and profits […]

  • Renegotiated

    verb (used with object), renegotiated, renegotiating. 1. to negotiate again, as a loan, treaty, etc. 2. to reexamine (a government contract) with a view to eliminating or modifying those provisions found to represent excessive profits to the contractor. verb (used without object), renegotiated, renegotiating. 3. to negotiate anew. 4. to reexamine the costs and profits […]



  • Rene theophile hyacinthe laennec

    noun 1. René Théophile Hyacinthe [ruh-ney tey-aw-feel ya-sant] /rəˈneɪ teɪ ɔˈfil yaˈsɛ̃t/ (Show IPA), 1781–1826, French physician who invented the stethoscope. noun 1. René Théophile Hyacinthe (rəne teɔfil jasɛ̃t). 1781–1826, French physician, who invented the stethoscope Laënnec Laën·nec (lā-něk’), René Théophile Hyacinthe. 1781-1826. French physician who invented the stethoscope (ca. 1819).

  • Renew

    verb (used with object) 1. to begin or take up again, as an acquaintance, a conversation, etc.; resume. 2. to make effective for an additional period: to renew a lease. 3. to restore or replenish: to renew a stock of goods. 4. to make, say, or do again. 5. to revive; reestablish. 6. to recover […]



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