teaser rate
Definition
Interest rate that is enticingly low (offered usually on adjustable rate mortgages) or enticingly high (offered usually on money-market investments) to bring in customers who might also buy the offeror's other (standard) financial services. See also loss leader.
teaser rate is in the Banking, Commerce & Finance and Investing subjects.
teaser rate appears in the definition of the following term: adjustable rate mortgage (ARM)
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