Variable rate - permalink
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- Any interest rate or dividend that changes on a periodic basis.
The Office of the Comptroller of the Currency - Cite This Source - This Definition - Browse Related Terms: Adjustable-rate mortgages (ARMS), Annual percentage rate (APR), Annual percentage yield (APY), Conventional fixed-rate mortgage, Debt-to-income ratio (DTI), Fixed-rate loan, Fixed-rate mortgage, Interest rate index, Periodic rate, Refinancing, Terms, Usury, Usury rates