An ARM is a loan that has a varying interest rate and payment based on an adjustment period. The adjustment is dependent on the variation in a benchmark index, usually the LIBOR or prime rate. This loan is also known as a variable rate mortgage.
I want to personally thank you for informally assisting your project team to stay on track and on target to meet their goals for this most significant contribution to our profitability this year. Without your willingness to step up and, ... Read more