Adjustable-rate mortgage

a mortgage that provides for periodic changes in the interest rate, based on changing market condtions.
abbreviation: arm.

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    arranged or fitted properly: properly adjusted shelving will accommodate books of various heights. adapted to surroundings or circ-mstances (often used in combination): a well-adjusted child. to change (something) so that it fits, corresponds, or conforms; adapt; accommodate: to adjust expenses to income. to put in good working order; regulate; bring to a proper state or […]

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