A teaser rate is a low introductory interest rate on a credit card or an adjustable rate mortgage (ARM). The lender must tell you how long the teaser rate lasts and what the real cost of borrowing will be at the end of the introductory period.
Yahoo Finance - Cite This Source - This Definition
- Adjustable rate mortgage (ARM), Balloon mortgage, Fixed-rate mortgage, Hybrid mortgage, Interest-only mortgage, Negative amortization, Refinancing
All > Business > Finance > Personal Finance