Definition: the fixed component that is added to the index to calculate the interest rate in an adjustable rate mortgage.
Pronunciation: \ˈmär-jən\
Used in a Sentence: Generally, the margin stays constant during the life of the loan.
Definition: the fixed component that is added to the index to calculate the interest rate in an adjustable rate mortgage.
Pronunciation: \ˈmär-jən\
Used in a Sentence: Generally, the margin stays constant during the life of the loan.