An interest rate that may go up or down over time depending on increasing or decreasing interest rates in the market.

A variable interest rate is a rate that varies depending on changes in a particular measure or index. Most variable interest rates in the UK are derived in whole or in part from the Bank of England Base Rate.

An interest rate which is tied to an index, such as the Wall Street Journal Prime, and fluctuates during the life of the line of credit.

The most common type of interest rate selected. An interest rate that can vary inline with the market. Usually linked to the official market interest rate which is set by the Reserve Bank of Australia and is influenced by the general state of the economy. As a general rule, the Reserve Bank of Australia increases the official market interest rate when it wants to slow down the economy, and decreases it when it wants to stimulate the economy.

a rate that fluctuating rate based on the home loan lending rate as set by the S A Reserve Bank from time to time

The interest rate changes periodically.

An interest rate that adjusts periodically to a predefined margin above or below an index rate. A commonly used index is the bank prime rate.

(See floating interest rate)

Refers to Interest rates offered by banks and financial institutions on loans or deposits which are liable to change and therefore are 'variable'.

Interest rates offered by banks and financial institutions on loans or deposits which are liable to change according to circumstances. For example a movement in the interest rate set by the government would usually be an influence.

An interest rate that rises and falls based on economic indicators.

(VIRs or VMRs, Variable Mortgage Rates.) An interest rate in a real estate loan which by the terms of the note varies upward and downward over the term of the loan depending on money market conditions.

a rate that generally goes up and down according to the fluctuations in market rates.

A rate of loan interest that moves up and down, based on factors such as changes in the Bank of England interest rate.

An interest rate that can go up or down, as contrasted with a fixed rate that says the same over the life of a loan.

An interest rate that changes periodically throughout the life of the loan. Stafford loans change every July 1st. Most alternative loans change every quarter.

An interest rate that may rise and fall over the duration of the loan.

An interest rate that fluctuates in conjunction with a specified index, throughout the life of the loan or credit line.

Interest rate charged under a lease that is subject to upward and downward adjustment during the lease term.

With variable-rate cards, the APR changes when interest rates or other economic indicators change. Also known as a floating rate.

Rate of interest payment that fluctuates over time with general interest rates.

The rate offered by an institution which is likely to fluctuate in line with the base rate.

An interest rate which changes at specified times over the life of a loan. Refers to the rate of interest on the Federal PLUS and Federal SLS Loan Programs, as well as the current interest rate for the Federal Stafford Loan Program.

An interest rate that changes in keeping with a current index or cost of money. Vendee - The Buyer or Purchaser in an Agreement of Sale, Contract of Sale, Sales Agreement, Contract of Purchase, or Purchase Agreement.

is an interest rate that moves up and down based on the changes of an underlying interest rate index, e.g. a credit card might have a variable rate that is a certain spread over the prime rate.

An interest rate that rises and falls according to an index and set margin. See Adjustable Rate Mortgage.

An interest rate which can go up or down.

An interest rate that fluctuates as a result of changes in a controlling index rate . With adjustable-rate mortgages, there are usually maximums as to the frequency and amount of fluctuation.

an interest rate that changes, usually in relation to a standard index, during the period of the loan

A fluctuating interest rate which can go up or down depending on the going market rate.

An interest rate that may change according to change in the index rate. See "adjustable interest rate".

Where interest is paid (received) at a variable rate over the term of a loan (investment).

Percentage that a borrower pays for the use of money, and which moves up or down periodically based on changes in other interest rates.

See Adjustable Rate Mortgage (ARM)

An interest rate that fluctuates in a set proportion to changes in an economic index, such as the cost of money. Extensive regulations cover use of VIRs in loans on residential property. Back to the Top

An interest rate that varies during the maturity of the loan, e.g. because it is agreed that it tracks another interest rate.

The rate of interest paid on payment plans or charged on policy loans that varies with market conditions.

An interest rate that changes according to a predefined formula based on an economic indicator such as the prime rate. For example, a credit card's annual percentage rate might be the prime rate plus 5%.

Loan interest rate that can be adjusted periodically during the laon term.

An interest rate that fluctuates according to the rise and fall of interest rates in the marketplace.

Rate that varies in accordance with rates in the marketplace

An interest rate that can decrease and increase according to the market

A loan rate that moves up and down based on factors including changes in the rate paid on bank certificates of deposit or Treasury bills.

Variable interest rates change over time. They are calculated by taking the published prime rate (which varies) and adding a fixed percentage or margin on top. For example, a variable rate may be the prime rate plus 3.9 percent.

A fluctuating interest rate that goes up and down depending on the current cost of money.

An interest rate that may change from time to time. For example, a movement in the base rate would usually have an affect on an interest rate.

Interest rate that is adjusted as market rates change. Can be found in adjustable rate mortgages, bonds, and certificates of deposit.

A rate that fluctuates with a measure or an index, such as current money market rates or the lender’s cost of funds. Often, variable interest rate loans have a fixed rate for several years and then become variable. The borrower is usually protected from dramatic increases in the loan rate by a “rate cap.

An interest rate that fluctuates with the current cost of money; subject to adjustment if the prevailing rate moves up or down.

An interest rate that fluctuates as the prevailing rate moves up or down. In mortgages there are usually maximums as to frequency and amount of fluctuation. Also called "flexible interest rate."

An interest rate that changes, usually annually.

An interest rate on a mortgage loan which fluctuates as the prevailing rate moves up or down. Venue The county (or other geographical division) in which an action is brought for trial.

A variable interest rate is based on fluctuating rates in the banking system such as the prime rate. For example, if on January 1, the prime rate was 6 percent and your credit cards variable rate formula was the prime rate plus 9.9 percent, your interest rate would be 15.9 percent.

An interest rate that varies during the term of the loan, in accordance with market forces.

A variable interest rate floats or varies during the term of the mortgage. If the interest rate increases, then more of your payment goes toward the interest and less towards the prinicipal.

A rate that changes in accordance with the rates in the marketplace.

Also called "flexible interest rate." An interest rate that fluctuates as the prevailing rate moves up or down. In mortgages, there are usually maximums as to the frequency and amount of fluctuation.

Percentage paid by a borrower for the use of funds. This interest rate moves up or down periodically due to changes in other interest rates.

Loan rate that changes based on fluctuations in the rate paid on Treasury bills or bank certificates of deposit.

An interest rate that changes up or down on a set schedule based on an economic index such as the prime rate.

Upon the happening of a certain event, it is an interest rate in a loan which may be changed.

A means by which a lender is permitted to adjust the interest rate on a loan to reflect changes in the prime rate, usually within a prescribed range and with advanced notice.