An interest rate on a loan that is adjusted at regular intervals such as monthly, quarterly, or yearly. Federal Stafford (Subsidized and Unsubsidized), Federal PLUS, Direct Loan (Subsidized and Unsubsidized), and Direct PLUS Loans carry variable rates that are determined annually.
An interest rate that can change during the repayment period of a loan.
An interest rate, for instance on a loan or a bond issue, which fluctuates during the life of the loan or bond issue. This fluctuation is usually based on a benchmark interest rate, such as the Prime Rate or LIBOR in the case of international credit. Français: Taux d'intérêt variable Español: Tipo de interés variable