# Cap mortgage and interest rate adjustment mortgage (cap mortgage)

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- Post ID: 588907
- Modified: 2023-07-25T20:59:30+00:00
- Language: en

## Definition

Contract under which a mortgage is taken out at variable interest rates. As a rule, the interest rate is adjusted quarterly and is based on an agreed reference interest rate, such as EURIBOR. In 2010, contracts with variable interest rates accounted for just under fifteen percent of mortgage loans in Germany, compared with around sixty percent in the United States in the same year. - See long-term culture, interest rate option. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1