teaser rate
teaser rate · teaser rates
An initial, relatively low, rate of interest on an adjustable-rate mortgage designed…An initial, relatively low, rate of interest on an adjustable-rate mortgage designed to attract borrowers.
Meaning
1 senses(informal)An initial, relatively low, rate of interest on an adjustable-rate mortgage designed to attract borrowers.
Forms
plural: teaser rates| Singular | teaser rate |
|---|---|
| Plural | teaser rates |
regular