Variable Rate: What is the Meaning of Variable Rate?
Interest rates that can fluctuate over the life of a loan, credit line or term deposit account. Due to changes in the index rate (for example, the basic interest rate) the interest rate can be adjusted in certain circumstances. Banks can set their own interest rates.
Interest rates that fluctuate over the life of a loan, credit line or term deposit account. May come This interest rate may vary depending on changes in the index that are beyond the control of the bank, such as the B-base interest rate in the United States, or the bank may change interest rates at its discretion.
Interest rates or profits that change regularly.
Literal Meanings of Variable Rate
Meanings of Variable:
It is contradictory or a static pattern that changes.
Can be changed or customized.
Elements, features or factors that may vary or change.
Sentences of Variable
The quality of hospital food varies widely
The drill has variable speed
There are many variables involved to make a meaningful prediction
Synonyms of Variable
capricious, changeable, fluctuating, unstable, mutable, fluid, irregular, fickle, unsettled, inconstant, unpredictable, protean, unsteady, inconsistent, temperamental, varying, unfixed, undependable, vacillating, unreliable, floating, shifting
Sentences of Rate
They were asked to assess their abilities in various driving exercises
Synonyms of Rate
figure, adjudge, assess, weigh up, tariff, price, charge, fare, amount, value, judge to be, think to be, put a value on, judge, estimate, appraise, gauge, hold to be, hire, deem to be, find to be, outlay, evaluate, consider to be, calculate, reckon to be