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flexible-rate mortgage

American  
[flek-suh-buhl reyt] / ˈflɛk sə bəl ˌreɪt /

noun

  1. adjustable-rate mortgage.

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.