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Phonetics: ad·just·ment in·ter·val \'ə-'jəs(t)-mənt\ \'in-tə-vəl\
Definition 1: Thesaurus / Related Terms
On an adjustable rate mortgage, the time between changes in the interest rate and/or monthly payment, typically one, three, or five years. If your adjustment interval is one year, then changes to your rate and monthly payment would happen once per year.
Adjustable Rate Note
Adjustable Rate Rider
Adjustable Rate Mortgage