variable rate

noun phrase

Meaning

An interest rate on a loan or investment that changes periodically based on an underlying benchmark index or market conditions.

Examples

Homeowners often choose a variable rate mortgage when they expect interest rates to decline over the coming years.
The bank offers a variable rate on savings accounts that adjusts monthly according to the central bank's policy.

Synonyms: floating rate, adjustable rate, fluctuating rate

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variable rate

noun phrase

Pronunciation: ˈvɛəriəbl reɪt

Definition

An interest rate on a loan or investment that changes periodically based on an underlying benchmark index or market conditions.

Examples

Homeowners often choose a variable rate mortgage when they expect interest rates to decline over the coming years.
The bank offers a variable rate on savings accounts that adjusts monthly according to the central bank's policy.
Investors should be cautious with variable rate bonds because sudden economic shifts can significantly impact expected returns.

Synonyms of variable rate

Words with a similar meaning to variable rate:

Antonyms of variable rate

Words with the opposite meaning to variable rate:

fixed rate

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