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LSDefine

Simple English definitions for legal terms

variable rate

Read a random definition: bonis non amovendis

A quick definition of variable rate:

Variable rate: A variable rate is a type of interest rate that can change over time. This means that the amount of interest you pay on a loan or earn on an investment can go up or down depending on certain factors. For example, if the economy is doing well, interest rates may go up, and if the economy is struggling, interest rates may go down. It's important to understand the terms of a variable rate loan or investment so you can plan accordingly and be prepared for any changes in the interest rate.

A more thorough explanation:

VARIABLE RATE

A variable rate is an interest rate that can change over time. It is not fixed and can go up or down depending on various factors.

One example of a variable rate is a credit card with a variable interest rate. The interest rate on the credit card can change based on the prime rate or other factors. Another example is a variable rate mortgage, where the interest rate can change based on market conditions.

For instance, if the prime rate goes up, the interest rate on a credit card with a variable rate may also go up. Similarly, if the market interest rates go down, the interest rate on a variable rate mortgage may also go down.

Overall, a variable rate can be beneficial if interest rates are low, but it can also be risky if interest rates rise significantly.

variable cost | variable-rate mortgage

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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