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Resources > Glossary > Adjustment Date

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Adjustment Date

Phonetics: ad·just·ment date    \'ə-'jəs(t)-mənt\   \'dāt\

Function: noun

Some mortgages have multiple adjustment dates throughout the life of the mortgage.

Definition 1:
The Adjustment Date is the date on which the interest rate changes or is "adjusted" in an adjustable-rate mortgage (ARM).

Thesaurus / Related Terms
Adjustment Period
Adjustment Interval
Adjustable Rate Rider
Adjustable Rate Note