单词 | renegotiable-rate mortgage |
释义 | renegotiable-rate mortgage /ree'ni goh"shee euh beuhl rayt', -sheuh beuhl-/ a type of home mortgage for which monthly payments stay constant for a term, usually of three to five years, and the interest rate is renegotiated at the end of every such term until the loan is paid off. Abbr.: RRM Also called rollover mortgage. |
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