fixed arm
21convertible ARM — An ARM for which the borrower has the option to convert from a floating rate loan to a fixed rate loan. Convertible ARMs can typically be converted in the first through fifth years of the mortgage loan. Because borrowers can exercise their… …
22Robotic arm — [ DOF robotic arm is a kinematic chain (including the end effector at the end of the arm).] A robotic arm is a robot manipulator, usually programmable, with similar functions to a human arm. The links of such a manipulator are connected by joints …
23small arm — small armed, adj. Usually, small arms. a firearm designed to be held in one or both hands while being fired: in the U.S. the term is applied to weapons of a caliber of up to one in. (2.5 cm). [1680 90] * * * ▪ military technology Introduction… …
242/28 Adjustable-Rate Mortgage - 2/28 ARM — A type of adjustable rate mortgage that has a two year fixed interest rate period after which the interest rate on the mortgage begins to float based on an index plus a margin. The index plus the margin in known as the fully indexed interest rate …
253/27 Adjustable-Rate Mortgage - 3/27 ARM — A type of adjustable rate mortgage (ARM) frequently offered to subprime borrowers. These mortgages are designed as short term financing vehicles that give borrowers time to repair their credit until they are able to refinance into a mortgage with …
26contact arm — noun contact consisting of a conducting arm that rotates over a series of fixed contacts and comes to rest on an outlet • Syn: ↑wiper, ↑wiper arm • Derivationally related forms: ↑wipe (for: ↑wiper) • Hypernyms: ↑ …
27wiper arm — noun contact consisting of a conducting arm that rotates over a series of fixed contacts and comes to rest on an outlet • Syn: ↑wiper, ↑contact arm • Derivationally related forms: ↑wipe (for: ↑wiper) • Hypernyms: ↑ …
28automatic bail arm — a bail arm on a fixed spool reel that when folded back allows the angler to cast one handed …
29Discretionary ARM — An adjustable rate mortgage on which the lender has the right to change the interest rate at any time, by any amount, subject only to the borrower being given a certain period advanced notice. This differs from a more structured adjustable rate… …
30convertible ARM — /kənˌvɜ:təb(ə)l eɪ ɑ:r em/ noun US an adjustable rate mortgage that can converted to a fixed rate mortgage …
