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When your mortgage interest rate varies in accordance with certain market indices. Typically, the rate starts low and is capped at a certain point.

Merriam-Webster Online Dictionary
arm (noun)
1.
a human upper limb , especially the part between the shoulder and the wrist
2.
something like or corresponding to an arm as
a) the forelimb of a vertebrate
b) a limb of an invertebrate animal
c) a branch or lateral shoot of a plant
d) a slender part of a structure, machine, or an instrument projecting from a main part, axis, or fulcrum
e) the end of a ship's yard , also the part of an anchor from the crown to the fluke - see anchor illustration
f) any of the usually two parts of a chromosome lateral to the centromere
3.
an inlet of water (as from the sea)
4.
a narrow extension of a larger area, mass, or group
5.
- power might the long arm of the law
6.
a support (as on a chair) for the elbow and forearm
7.
- sleeve
8.
the ability to throw or pitch a ball well , also a player having such ability
9.
a functional division of a group, organization, institution, or activity - the logistical arm of the air force
arm (verb)
transitive verb
1.
to furnish or equip with weapons
2.
to furnish with something that strengthens or protects - arming citizens with the right to vote
3.
intransitive verb
to equip or ready for action or operation - arm a bomb to prepare oneself for struggle or resistance - arm for combat
arm (noun)
1.
a) a means (as a weapon) of offense or defense , especially - firearm
b) a combat branch (as of an army)
c) an organized branch of national defense (as the navy)
2.
a) the hereditary heraldic devices of a family
b) heraldic devices adopted by a government
3.
a) active hostilities - warfare a call to arms
b) military service
ARM (abbreviation)
adjustable rate mortgage
Arm (abbreviation)
Armenian
Merriam-Webster Online Thesaurus
arm (noun)
a portable weapon from which a shot is discharged by gunpowder
SYNONYMS:
arm, firearm, heat, piece, small arm
RELATED WORDS:
derringer, forty-five ( .45), gat [], handgun, pistol, revolver, rod [], roscoe [], sidearm, six-gun, six-shooter, zip gun; self-loader, semiautomatic; blunderbuss, breechloader, culverin, fieldpiece, firelock, flintlock, harquebus ( arquebus), matchlock, musket, rifle, shotgun, smoothbore, twenty-two ( .22); AK-47, assault rifle, assault weapon, automatic, carbine, machine gun, machine pistol, repeater, submachine gun, tommy gun; speargun
arm (noun)
1.
a large unit of a governmental, business, or educational organization
SYNONYMS:
agency, arm, branch, bureau, department, desk, office, service
RELATED WORDS:
subdepartment, subdivision
arm (noun)
2.
a part of a body of water that extends beyond the general shoreline
SYNONYMS:
arm, bay, bight, cove, creek, embayment, estuary, firth, fjord ( fiord), inlet, loch
RELATED WORDS:
harbor, port, road(s), roadstead; narrow, sound, strait; bayou; backwater, slough ( slew slue)
arm (noun)
3.
an area of land that juts out into a body of water
SYNONYMS:
arm, foreland, headland, ness, peninsula, point, promontory, spit
RELATED WORDS:
breakwater, jetty
arm (noun)
4.
the right or means to command or control others
SYNONYMS:
arm, authority, clutch, command, control, death grip, dominion, grip, hold, mastery, reign, rein(s), sway
RELATED WORDS:
clout, influence, leverage, pull, voice, weight; jurisdiction; direction, management; dominance, imperium, predominance, sovereignty ( sovranty), supremacy; prerogative, privilege, right; eminence, importance, moment
NEAR ANTONYMS:
helplessness, weakness
impotence, impotency, powerlessness
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