When the characteristics of a fixed-rate mortgage and an adjustable-rate mortgage are combined. This mortgage has an interest rate that is fixed for a short period and is then followed by an adjustable rate.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser