See Also: Reduction option loan (ROL)(finance)
Reduction-Option Loan (ROL)(money)
Out of the money option(finance)
Out-of-the-money option(money)
In-the-money option(money)
In the money option(finance)
Tight money or dear money(finance)
reduction(encyclopedia)
reduction(dictionary)
Reduction(medicine)

Reduction-Option Loan (ROL) (money)


Definition: [crh] A hybrid of a fixed-rate and adjustable-rate mortgage. An ROL matches the borrower to the currDefinition: ent mortgage rate, which then becomes fixed for the rest of the term. This reduction is usually allowed if rates drop Definition: more than 2% in a year.