Definitions for "Ademption"
The revocation or taking away of a grant, donation, legacy, or the like.
When a person makes a gift in a Will that cannot be made because: it no longer exists (ademption by extinction), or the person who wrote the Will gave the gift before they died (ademption by satisfaction).
Disposing of a gift (such as money) before the heir take possession of it- revoking a legacy.
Keywords:  arm, adjustable, rate, mortgage
Adjustable Rate Mortgage (ARM)