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{%type%} Definitions

WordNet 3.0Copyright Princeton University
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Short "hint"

providing for changes in the interest rate, adjusted periodically in accordance with prevailing market conditions

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Usage examples (36)
  • Adjective : a variable-rate mortgage
  • Auctions of variable-rate municipals have been faltering.
  • But variable-rate debt has effectively hamstrung the agency.
  • Last week the market for variable-rate muni bonds seized up.
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