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What is the full form of ARM

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Finance Abbreviations
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What is the full form of "ARM"?

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Correct Answer: Option A
An adjustable-rate mortgage (ARM) is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan. With an adjustable-rate mortgage, the initial interest rate is fixed for a period of time. After that, the interest rate resets periodically, at yearly or even monthly intervals.
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