an adjustable payment

USAGE SUMMARY

The phrase "an adjustable payment" is correct and usable in written English.
You can use it when referring to a payment that can change in amount or frequency based on certain conditions or agreements. Example: "The loan agreement includes an adjustable payment option that allows borrowers to modify their monthly payments based on their financial situation."

✓ Grammatically correct

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

Like subprime mortgages, many prime loans made in recent years allowed borrowers to pay less initially and face higher adjustable payments a few years later.

The New York Times

But in 2007, the portion will soar, with $1 trillion of the nation's mortgage debt -- or about 12percentt of it -- switching to adjustable payments, according to the analysis.

The New York Times

Did we need the housing bust for people to understand that 100% financing, adjustable payment-option loans, and artificially low rates could lead to trouble?

Huffington Post

Through the Bethpage Federal Credit Union, Mr. Trivigno found an adjustable-rate payment-relief mortgage for a full percentage point lower than those offered by two banks and a mortgage broker.

The New York Times

On an adjustable rate mortgage, the scheduled payment remains the same until the next rate adjustment.

HuffPost

The relatively low initial payments of an adjustable loan, they say, are easier on a young family's budget - and future payment increases will be buffered by salary increases.

The New York Times

(4) No interest payment on an adjustable rate security, in any period, can be a negative amount.

Cornell University

He recommends looking for a lower monthly payment with an adjustable rate mortgage that is still locked at a fixed rate for five, seven or 10 years.

Huffington Post

Leslie Plump, a lawyer who closes loans for several Manhattan banks, said most lenders will provide year-by-year comparisons of the monthly payments for a fixed-rate loan and the maximum possible payments for an adjustable loan; in this way, the lender can say with certainty that the adjustable loan will be the better buy for a certain number of years even with the maximum rate increase.

The New York Times

A Bridgeport police officer and his wife, a schoolteacher, had taken out a mortgage with an adjustable rate, and their monthly payments now totaled more than $3,000.

The New York Times

For example, we heard from Karina Orocio, whose parents -- who don't read English -- were tricked into refinancing their 30-year fixed mortgage with an adjustable mortgage whose rate and payments exploded, causing them to lose their home.

Huffington Post

Expert writing Tips

Best practice

When discussing financial agreements, be specific about the conditions under which the "an adjustable payment" can change. Provide clear examples or scenarios to avoid ambiguity.

Common error

Avoid simply stating that "an adjustable payment" exists without detailing the factors that trigger adjustments. Always clarify whether changes are tied to market rates, income levels, or other measurable criteria.

Linguistic Context

The phrase "an adjustable payment" functions as a descriptive term, typically acting as a noun modifier. It specifies the nature of the payment, indicating that its amount is not fixed and can vary based on certain conditions. Ludwig AI explains its correct usage in written English.

Expression frequency: Missing

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Ludwig's WRAP-UP

In summary, "an adjustable payment" is a grammatically sound and usable phrase that describes a payment whose amount can vary. While Ludwig identifies it as correct, the phrase's frequency is currently missing in the provided dataset. When using it, clarity is key; specify the conditions that trigger adjustments to avoid any misunderstandings. Alternatives include ""a variable payment"" and "a flexible payment option", depending on the context. Remember to provide specific details about the adjustment factors to avoid overgeneralization.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

a variable payment

Changes "adjustable" to "variable", emphasizing the changing nature of the payment.

a flexible payment option

Replaces "adjustable payment" with a broader term, focusing on the flexibility of the payment.

a payment with adjustable terms

Shifts the focus to the terms of the payment being adjustable, rather than the payment itself.

a modifiable payment schedule

Highlights the schedule's ability to be changed, incorporating a more formal tone.

a payment subject to change

Emphasizes the possibility of the payment amount being altered.

a payment with fluctuating amounts

Replaces "adjustable" with "fluctuating amounts", making the variability explicit.

a payment that can be adjusted

Rewords the phrase to explicitly state the adjustability of the payment.

a payment with variable rates

Specifically targets payments tied to fluctuating rates, like interest.

a customizable payment

Uses "customizable" to underscore the ability to tailor the payment to individual needs.

a payment with adaptable conditions

Focuses on the adaptable conditions that affect the payment amount.

FAQs

How is "an adjustable payment" typically used in a sentence?

The phrase "an adjustable payment" is used to describe a payment amount that can change based on predetermined factors. For example: "The mortgage features "a variable payment" option tied to prevailing interest rates."

What are some alternatives to using the phrase "an adjustable payment"?

You can use phrases like ""a variable payment"", "a flexible payment option", or "a modifiable payment schedule" depending on the context and the specific nuance you want to convey.

Which is more accurate: "an adjustable payment" or "a fixed payment"?

The choice depends on the context. "An adjustable payment" refers to a payment amount that can change, while "a fixed payment" remains constant. If a payment amount is subject to change, "an adjustable payment" is the accurate description.

What's the difference between "an adjustable payment" and "a conditional payment"?

"An adjustable payment" changes in amount based on specific factors (e.g., interest rates), whereas "a conditional payment" is made only if certain conditions are met (e.g., reaching a sales target). They address different aspects of payment terms.