Glossary
Welcome to our glossary section.
If you're looking for the definition of a particular finance term or phrase, you can look it up here in our loans glossary. If the term or phrase you're looking for isn't listed, please let us know and we'll make sure it gets included.
Variable Rate
Describes the impact of interest on a credit agreement, but more specifically indicates that the actual rate of interest will be subject to change over the term of the agreement.
