TEASER RATE Definition

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TEASER RATE, in lending, is the initial rate set on adjustable-rate mortgages (ARMs) by the lender to attract prospective borrowers. It is the coupon rate an investor earns in the first year.

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PERVASIVE is having the ability to permeate. An error is pervasive if it is material to more than one of the primary financial statements.

PDI can mean Personal Disposable Income or Past Due Interest.

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