variable-rate

American  

[vair-ee-uh-buhl-reyt] / ˈvɛər i ə bəlˌreɪt /

adjective

1. providing for changes in the interest rate, adjusted periodically in accordance with prevailing market conditions.

   a variable-rate mortgage.

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Example Sentences

The largest deal, the $3 billion variable-rate Stretch, now trades around $93, below its face value of $100, and yields 11%.

From Barron's

Borrowers of private student loans have already seen rates climb because of previous rate increases: Both fixed- and variable-rate loans are linked to benchmarks that track the federal funds rate, the Fed’s benchmark rate.

From New York Times

Mason said HomeStreet had already begun shifting its lending strategy toward more variable-rate loans, which adjust with interest rates.

From Seattle Times

It also has deep pockets: Earnings had almost tripled between 2021 and 2023, in part because of its larger portfolio of variable-rate business loans, Mason said.

From Seattle Times

For starters, WaFd Bank was less vulnerable to rate hikes: Back in 2005, the bank began moving away from fixed-rate loans and toward more variable-rate commercial loans, said CEO Brent Beardall.

From Seattle Times