adjustable-rate mortgage: Meaning and Definition of
ad•just'a•ble-rate mort'gage
Pronunciation: (u-jus'tu-bul-rāt"), [key] - a mortgage that provides for periodic changes in the interest rate, based on changing market condtions. Abbr.: ARM
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.