interest adjustment

Interest Adjustment

In an adjustable-rate mortgage or other debt, a change in the interest rate that the borrower must pay on the mortgage or debt. The adjustment may be upward or downward, and is usually calculated as some percentage above or below a stated benchmark rate. See also: Adjustment frequency, Interest rate risk.

interest adjustment

Extra proceeds going to an investor who submits a convertible bond for conversion to account for interest accrued since the last date of record for an interest payment. Also called adjustment.

单词	interest adjustment
释义	interest adjustment Interest Adjustment In an adjustable-rate mortgage or other debt, a change in the interest rate that the borrower must pay on the mortgage or debt. The adjustment may be upward or downward, and is usually calculated as some percentage above or below a stated benchmark rate. See also: Adjustment frequency, Interest rate risk. interest adjustment Extra proceeds going to an investor who submits a convertible bond for conversion to account for interest accrued since the last date of record for an interest payment. Also called adjustment.
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