ARM

 

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ARM

See: Adjustable-rate mortgage



ARM

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Armington assumption

Armington assumption

The assumption that internationally traded products are differentiated by country of origin. Due to Armington (1969) in an international macroeconomic context, but now a standard assumption of international CGE models, used to generate smaller and more realistic responses of trade to price changes than implied by homogeneous products.


Federal Agricultural Mortgage Corporation (Farmer Mac)

Federal Agricultural Mortgage Corporation (Farmer Mac)

A federal agency chartered in 1988 to provide a secondary market for farm mortgage loans.


Federal Farm Credit System

Federal Farm Credit System

A system chartered in 1971 through the farm credit act providing farmers with credit services through a federal land bank, a federal intermediate credit bank, and a bank for cooperatives. See: Federal Farm Credit Bank.


Garman Kohlhagen option pricing model

Garman Kohlhagen option pricing model

A model widely used to price foreign currency options.


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.


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