Any interest rate or dividend that changes on a periodic basis. Variable rates are often used for convertibles, mortgages, and certain other kinds of loans. The change is usually tied to movement of an outside indicator, such as the prime interest rate. Movement above or below certain levels is often prevented by a predetermined floor and ceiling for a given rate. also called adjustable rate.
Related information about variable rate:
- Variable Interest Rate Definition | Investopedia
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Definition of variable rate: Any interest rate or dividend that changes on a periodic basis. Variable rates are often used for convertibles, mortgages, and certain ...
- Variable Rate Credit - State of Indiana
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- Rate Information - Wells Fargo
Private loans with fixed and variable rate options. All Wells Fargo private student loans have a fixed or variable interest rate option. Visit our student loan ...
- Credit Card Help - Variable rate vs. fixed rate credit cards
Jun 1, 2000 ... Credit card help from CardRatings.com. Variable rate credit cards compared to fixed rate credit cards.
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On the other hand, a Variable Rate / APR changes over time in the same way as the ... These days, most credit cards have a Variable Rate and it is hard to find a ...
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They must decide between fixed or variable rate loans and choose the loan that's right ... The fixed rate is generally higher than a variable rate loan. • The fixed ...