Variable rate loan

Loan made at an interest rate that fluctuates based on a base interest rate such as the Prime Rate or LIBOR. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • variable-rate loan — loan made at an interest rate that fluctuates depending on a base interest rate, such as the prime rate or LIBOR. Bloomberg Financial Dictionary …   Financial and business terms

  • variable interest loan — loan with a interest rate that is not fixed during the term of the loan …   English contemporary dictionary

  • variable rate mortgage — n. a mortgage involving a loan with a variable interest rate over the period of the loan * * * …   Universalium

  • variable rate mortgage — n. a mortgage involving a loan with a variable interest rate over the period of the loan …   English World dictionary

  • variable rate mortgage — UK US noun [C] (also adjustable rate mortgage) FINANCE, PROPERTY ► a loan for buying a house on which the interest rate can change over time: »One building society is currently offering a five year variable rate mortgage, capped at 5.75% …   Financial and business terms

  • Variable-rate mortgage — A variable rate mortgage or floating rate mortgage is a mortgage loan where the interest rate varies to reflect market conditions. The interest rate will normally vary with changes to the base rate of the central bank and reflects changing costs… …   Wikipedia

  • Variable Rate Mortgage — A type of home loan in which the interest rate is not fixed. The two most common types of mortgages in the United States are fixed rate and variable rate (also called adjustable rate). With a fixed rate mortgage, the interest rate does not change …   Investment dictionary

  • variable-rate — A variable rate agreement, as distinguished from a fixed rate agreement, calls for an interest rate that may fluctuate over the life of the loan. The rate is often tied to an index that reflects changes in market rates of interest. A fluctuation… …   Financial and business terms

  • variable-rate — adj. Variable rate is used with these nouns: ↑loan, ↑mortgage …   Collocations dictionary

  • variable rate — /ˌveəriəb(ə)l reɪt/ noun a rate of interest on a loan which is not fixed, but can change with the current bank interest rates. Also called floating rate …   Dictionary of banking and finance

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