variable-rate
|var/i/a/ble-rate|
B2
🇺🇸
/ˈvɛriəbl reɪt/
🇬🇧
/ˈveəriəbl reɪt/
fluctuating interest
Etymology
Etymology Information
'variable-rate' originates from the combination of 'variable,' meaning 'capable of change,' and 'rate,' referring to a measure or quantity.
Historical Evolution
The term 'variable-rate' evolved from the financial sector's need to describe interest rates that are not fixed.
Meaning Changes
Initially, it meant 'a rate that can change,' and this meaning has remained consistent in modern usage.
Meanings by Part of Speech
Adjective 1
referring to an interest rate on a loan or security that fluctuates over time based on an underlying benchmark or index.
The mortgage is offered at a variable-rate, which means the interest can change.
Synonyms
Antonyms
Last updated: 2025/01/11 11:45