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Lehman Brothers Adjustable Rate Mortgage Index |
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Lehman 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.Lehman Brothers Adjustable Rate Mortgage Index Similar MatchesAdjustable rate mortgage (ARM)Adjustable rate mortgage (ARM)A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. The interest rate is adjusted at each interval to a rate equivalent to the index value plus a predetermined spread, or margin, over the index, usually subject to per-interval and to life-of-loan interest rate and/or payment rate caps. Adjustable pegAdjustable 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. Adjustable rate preferred stock (ARPS)Adjustable rate preferred stock (ARPS)Publicly traded issues that may be collateralized by mortgages and MBS Adjustable rate mortgageAdjustable rate mortgageIn the US, a mortgage in which the interest rate is liable to change over the term of the loan and which is dependent on influences such as interest rates on US Treasury securities. 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. Further SuggestionsAdjustable Rate Mortgages (arms)adjustable rate preferred stock |
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