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Adjustable peg |
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Adjustable pegAn exchange rate that is pegged, but for which it is understood that the par value will be changed occasionally. This system can be subject to extreme speculative attack and financial crisis, since speculators may easily anticipate these changes.Similar MatchesLehman Brothers Adjustable Rate Mortgage IndexLehman Brothers Adjustable Rate Mortgage IndexA benchmark index that includes all agency-guaranteed securities with coupons that periodically adjust based on a spread over a published index. Adjustable rateAdjustable rateApplies mainly to convertible securities. Refers to interest rate or dividend that is adjusted periodically, usually according to a standard market rate outside the control of the bank or savings institution, such as that prevailing on Treasury bonds or notes. Typically, such issues have a set floor or ceiling, called caps and collars that limits the adjustment. Adjustable rate preferred stockAdjustable rate preferred stockPreferred stock which pays a dividend in line with interest rates generally rather than a fixed dividend. Adjustable rate preferred stock (ARPS)Adjustable rate preferred stock (ARPS)Publicly traded issues that may be collateralized by mortgages and MBS Adjustable Rate Mortgages (arms)Adjustable Rate Mortgages (arms)Mortgage loans under which the interest rate is periodically adjusted to more closely coincide with current rates. The amounts and times of adjustment are agreed to at the inception of the loan. Also called: Adjustable Rate Loans, Adjustable Mortgage Loans (AML'S), Flexible Rate Loans, Variable Rate Loans. Further Suggestionsadjustable rate mortgageAdjustable rate mortgage (ARM) |
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