variable rates
Adjustable interest charges
Variable rates are interest rates or fees that fluctuate over time based on market conditions or a benchmark index, as opposed to fixed rates that remain constant.
Mortgages, credit cards, and loans commonly use variable rates: Her monthly payment increased when the variable rate adjusted upward.
Also called adjustable rates or floating rates.
- fluctuatingShifting irregularly over time
- adjustableAble to be changed
- floatingStaying atop liquid
- interestAttention, stake, or fee
- mortgageSecured home loan
APR · loans · monthly payment · flexible · changing · unpredictable · prime · benchmark · percentage · payments · risk · inflation · market · banking · credit score · terms · fine print · cap
- mortgagesmortgage broker, mortgage payment, mortgage insurance, mortgage deed, home loan
- flexible termspayment plans, installments, sliding scale
- banking costsbank fees, bank charges, service fees, service charges, overdraft fees
- predatory lendingpayday loans, title loans, loan sharks, loan sharking, usury
- lending rulesusury laws, fair lending, predatory lending, truth in lending, loan terms
variable, rates, varied, varies, varying, variably, invariable, invariably, variance