ARM

What does ARM stand for?

Adjustable rate mortgage

An acronym that stands for a type of mortgage where the interest paid on the outstanding balance changes based on a specific benchmark and an additional spread, which is called an "ARM margin"; also known as a "floating-rate mortgage" or a "variable-rate mortgage."

Example

I have a 4/26 ARM, which means I have a fixed interest rate for 4 years and then a floating rate for the remaining 26 years on the mortgage

Related Slang

AIRAssumed interest rate
YTDYear-to-date
W2Wage and Tax Statement
W4Employee's Withholding Allowance Certificate
SUIState Unemployment Insurance

Categories

Financial Terms
Updated February 25, 2015

ARM definition by Slang.net - The Slang Dictionary

This page explains what the acronym "ARM" means. The definition, example, and related terms listed above have been manually compiled and written by the Slang.net team.

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