an ARM that can be switched over to a fixed-rate mortgage within a specified period of time.
A mortgage which starts as an adjustable rate loan, but allows the borrower to convert the loan to a fixed rate mortgage during a specified period of time.
An adjustable rate mortgage (ARM) that can be converted to a fixed-rate mortgage loan under specified conditions.
An adjustable-rate mortgage that allows the borrower to change the ARM to a fixed-rate mortgage within a specific time.