Recast Clause
Recast Clause
A contract provision that adjusts the payment on an ARM periodically to make it fully amortizing.
See Adjustable Rate Mortgage (ARM)/How the Monthly Payment on an ARM Is Determined/Negative Amortization ARMs.
| 单词 | recast clause |
| 释义 | Recast ClauseRecast ClauseA contract provision that adjusts the payment on an ARM periodically to make it fully amortizing. See Adjustable Rate Mortgage (ARM)/How the Monthly Payment on an ARM Is Determined/Negative Amortization ARMs. |
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