Definitions for "ADJUSTMENT INTERVAL"
For an adjustable rate mortgage, the time (one, three or five years) between changes in the interest rate or monthly payment.
This is the span of time in between the alteration in the interest rate or monthly payment on an ARM loan.
This term relates to an ARM. It is the interval of time between the changes in the interest rate or monthly payment, typically one, three or five years, depending on the index.