Updated Norwegian Bokmaal & Questions again
Christian Stimming
stimming at tuhh.de
Thu Dec 22 16:15:02 EST 2005
Am Donnerstag, 22. Dezember 2005 18:09 schrieb Chris Shoemaker:
> On Thu, Dec 22, 2005 at 05:20:15PM +0100, linux at strigen.com wrote:
> > And the last one for today:
> > Can someone give some further info about the following string:
> > "A·5/1·Year·ARM" (I've asked the Australian people here at my work, an
> > no one can explain it:-)
>
> "Adjustable Rate Mortgage"
>
> It's a loan where the rate is constant for the period before the '/',
> e.g. 5 years, and then may change. Thereafter, the rate is constant
> only for successive terms of the shorter duration given after the '/',
> e.g. the rate is "adjusted" every 1 year.
>
> You may find this glossary helpful:
> http://www.fanniemae.com/tools/glossary.jhtml
Thanks for the explanation. I'll extend the "Translator"-comment directly in
the source, because it shows up at only one place.
Christian
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