variable-rate

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

adjective

providing for changes in the interest rate, adjusted periodically in accordance with prevailing market conditions: a variable-rate mortgage.

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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020