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Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Common Terms 1   Common Terms 2

Adjustment Period

Phonetics: ad·just·ment pe·ri·od    \'ə-'jəs(t)-mənt\    \'pir-ē-əd\

Function: noun

Definition 1:
The period that elapses between the adjustment dates for an adjustable-rate mortgage (ARM).

Definition 2:
The frequency of rate adjustments on an Adjustable Rate Mortgage after the initial rate period has terminated.