teaser rate
noun[C]
MARKETING,FINANCEukusalowinterestrateat thestartof aloandesignedtoencouragepeopleto take out theloan. Therateusuallyincreaseslater:
Theloansareinitiallyofferedat ateaserratethat is set torisethefollowingyear.
Examplesofteaser rate
teaser rate
In a competitive market, many companies will compete with each other for the lowerteaserrate.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Theteaserrateis only temporary.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Typically, theteaserrateis 0%.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These mortgages often featured teaser rates that kept initial monthly payments artificially low, only to have them increase significantly later in the mortgage.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Borrowers were offered a range of loans that layered teaser rates, interest-only, negative amortization and payment options and low-documentation requirements on top of floating-rate loans.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These products would not be likely to have low teaser rates.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The teaser rates are normally too good to be true for the long term, and are far below the common realistic rate for the service.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The banks issued loans with teaser rates, knowing that when higher variable rates kicked in later the borrowers would not be able to meet their payments.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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