Conversion clause

• Refers to a mortgage loan provision. It defines and allows an Adjustable Rate Mortgage (ARM) to be converted into a Fixed Rate Mortgage.

 Embedded terms in definition
 Adjustable rate mortgage
 Related Terms

<< Conversion Conversion factor >>

What to Know Before Declaring Your Financial Independence: Twenty-somethings may not realize it, but every time they enter a new phase of their life as young adults - perhaps starting college, a career or a family - they're also venturing into a new world of money management. Here are ways to be prepared. More...

The truth is more important than the facts. - Frank Lloyd Wright


Copyright 2009-2018 GVC. All rights reserved.