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.
Read Also:
- 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 […]
- Renewability
adjective 1. able to be renewed: a library book that is not renewable. noun 2. something that is renewable. renewable (rĭ-n’ə-bəl) Relating to a natural resource, such as solar energy, water, or wood, that is never used up or that can be replaced by new growth. Resources that are dependent on regrowth can sometimes be […]