Meaning of “adjustable rate” in the English Dictionary


"adjustable rate" in Business English

See all translations

adjustable ratenoun [ C ]

uk us also floating rate, also variable rate FINANCE, PROPERTY

an interest rate that can change over a period of time:

Nearly half of all mortgages written this year have an adjustable rate.
an adjustable-rate mortgage/loan

(Definition of “adjustable rate” from the Cambridge Business English Dictionary © Cambridge University Press)