adjustable adjustable  /ə ˈdʒə stə bəl/

Definition(s):

  1. (adj) capable of being changed so as to match or fit
  2. (adj) capable of being regulated

Usage(s):

  1. Of the mortgages that went into foreclosure in the third quarter, 43% were adjustable-rate subprime loans, even though those make up only 6.
  2. She refinanced with an adjustable-rate mortgage, taking out a chunk of her home equity.
  3. There are approximately eleven million mortgages in America with adjustable rates, with a total value of more than $2 trillion dollars--a lot of money, even by Washington standards.

News

  1. Health briefs for June 16

    LUMBERTON — Dr. Eric Velazquez, of Southeastern Surgical Center, will host a seminar on a variety of weight loss surgery options, including adjustable gastric band, sleeve gastrectomy, and Roux-en-Y gastric bypass, on Wednesday from 6 to 7 p.m., also at at the Southeastern Health Mall on the campus of Biggs Park Mall in Lumberton.
    on June 15, 2013     Source: The Robesonian

  2. Vail Daily column: Facing an uncertain future for adjustable rate mortgages

    Some of the lowest rate mortgages out there right now are ones written years ago that were set up as adjustable rates. Many borrowers are loving the fact they have rates in the mid 2 to low 3 percent range, for now at least.
    on June 15, 2013     Source: Vail Daily

  3. HSBC Holdings Adjustable Rate Cumulative Preferred Stock, Series D About To Put More Money In Your Pocket

    On 6/12/13, HSBC Holdings plc's Adjustable Rate Cumulative Preferred Stock, Series D (NYSE: HBA.PRD) will trade ex-dividend, for its quarterly dividend of $0.2812, payable on 7/1/13. As a percentage of HBA.PRD's recent share price of $25.30, this dividend works out to approximately 1.11%, so look for shares of HBA.PRD to trade 1.11% lower ? all else being equal ? when HBA.PRD shares open for ...
    on June 10, 2013     Source: Forbes

Quotes

  1. Speaking to the Credit Union National Association, Greenspan said, "Many homeowners might have saved tens of thousands of dollars had they held adjustable-rate mortgages rather than fixed-rate mortgages during the past decade."
    on Feb 25, 2004 By: Alan Greenspan Source: CNNMoney.com

  2. "Let's say the value of your house declines by $20,000 and your adjustable rate mortgage payments have grown to a level you cannot afford," Bush said. "If the bank modifies your mortgage and forgives $20,000 of your loan, the tax code treats...
    on Aug 31, 2007 By: President Bush Source: Forbes

  3. "More than a million Americans lost their homes last year," said Sen. Robert Menendez, DN.J. "In fact, I would dare to argue that another storm is on its way as adjustable rate mortgages explode in coming months and force more homeowners into...
    on Jul 18, 2005 By: Robert Menendez Source: Los Angeles Times

Word of the Day
pivotal pivotal
/ˈpɪ və təl /