Applies mainly to convertible securities. Refers to interest rate or dividend that is adjusted periodically, usually according to a standard market rate outside the control of the bank or savings inst [..]

An interest rate that changes, based on changes in a published market-rate index.

See: VARIABLE RATE.

Definition Any interest rate that changes on a periodic basis. The change is usually tied to movement of an outside indicator, such as the prime interest rate. Movement above or below certain levels i [..]

An interest rate that changes periodically according to an index.

A rate of interest that can vary during the term of the loan. Usually used when referring to mortgages.

An adjustable rate is a rate of interest paid on outstanding debt (often a mortgage) that can fluctuate. Generally, adjustable rates are defined relative to an underlying variable index, as in 30-day [..]

An interest rate that goes up or down based on current market rates

An interest rate that changes based on changes in a published market-rate index.

  -  An adjustable rate means that the distribution rate of the security is adjusted by a specified formula generally in accordance with the variance in some U.S. Treasury rates or other interest indi [..]

See Variable Rate.

Like variable rate, it’s an interest rate that can change in relation to an index.

Annual dividend varies depending on predefined factors.

Applies mainly to convertible securities. Refers to interest rate or dividend that is adjusted periodically, usually according to a standard market rate outside the control of the bank or savings inst [..]