Interest-only loan — An interest only loan is a loan in which for a set term the borrower pays only the interest on the principal balance, with the principal balance unchanged. At the end of the interest only term the borrower may enter an interest only mortgage, pay … Wikipedia
arm's length — n: the condition of the parties to a business deal in which each has independent interests and one does not dominate the other often used in the phrase at arm s length a contract made at arm s length arm s–length adj Merriam Webster’s Dictionary… … Law dictionary
Payment Option ARM — A monthly adjusting adjustable rate mortgage (ARM) which allows the borrower to choose between several monthly payment options: a 30 or 40 year fully amortizing payment, a 15 year fully amortizing payment, an interest only payment, a minimum… … Investment dictionary
Option Adjustable-Rate Mortgage - Option ARM — A type of mortgage where the mortgagor (borrower) has several options as to which type of payment is made to the mortgagee (lender). In addition to having the choice of making payments of interest and principal that amounts to those made in… … Investment dictionary
Flexible Payment ARM — A type of adjustable rate mortgage that allows the borrower to select from four different payment options each month: a 30 year, fully amortizing payment; a 15 year, fully amortizing payment; an interest only payment or a minimum payment .… … Investment dictionary
Public Interest Research Group — The US Public Interest Research Group (also known as PIRG) is a political lobby non profit organization in the United States and Canada, composed of self governing affiliates at the state and province level. Its fundraising arm is the Fund for… … Wikipedia
Tremolo arm — A tremolo arm or tremolo bar (also called a whammy bar or wang bar ) is a lever attached to the bridge and/or the tailpiece of an electric guitar or archtop guitar to enable the player to quickly vary the tension and sometimes the length of the… … Wikipedia
Indexed ARM — An adjustable rate mortgage on which the interest rate adjusts periodically according to an underlying benchmark index plus a margin. An adjustable rate mortgage contract states which index will be used, how often the interest rate will adjust… … Investment dictionary
small 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… … Universalium
The Man with the Golden Arm — For the novel, see The Man with the Golden Arm (novel). The Man with the Golden Arm Saul Bass s poster for the film Directed by … Wikipedia
