Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

adjustable-rate mortgage

A mortgage in which the lender can periodically adjust the mortgage's interest rate in accordance with fluctuations in some external market index. - Abbr. ARM. - Also termed variablerate mortgage; flexible-rate mortgage.

adjustable-rate mortgage.

See MORTGAGE.

graduated payment adjustable-rate mortgage

A mortgage combining features of the graduated-payment mortgage and the ad justable-rate mortgage. - Abbr. GPARM.

graduated-payment adjustable-rate mortgage.

See MORTGAGE. graduated-payment mortgage. See MORTGAGE.