renegotiable-rate mortgage

[ ree-ni-goh-shee-uh-buhl-reyt, -shuh-buhl- ]

/ ˌri nɪˈgoʊ ʃi ə bəlˌreɪt, -ʃə bəl- /

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noun

a type of home mortgage for which monthly payments stay constant for a term, usually of three to five years, and the interest rate is renegotiated at the end of every such term until the loan is paid off. Abbreviation: RRM

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Also called rollover mortgage.

Words nearby renegotiable-rate mortgage

rendzina, Renée, renegade, renegado, renege, renegotiable-rate mortgage, renegotiate, renew, renewable, renewable energy, renewable resource

How to use renegotiable-rate mortgage in a sentence

Historically the reelection rate for members of Congress is in the area of 95 percent.
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With a mortality rate of 70 percent, the more cases that arise, the deadlier this epidemic becomes.
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The accident rate in Asia has marred what was in 2014 a banner year for aviation safety.
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At any rate, policy can enforce equal rights and foster equal opportunity.
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Albuquerque Economic Development, a private non-profit, estimates the five year growth rate at almost double the U.S. in general.
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In future years the poor-rate (so-called) will include, in addition to these, all other rates levyable by the Corporation.
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Of course he was contemplating the application of a "two year old hickory," as he went on at the rate of two forty.
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His arm was drawn around the drum, and finally his whole body was drawn over the shaft, at a fearful rate.
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