adjustable contract
[əˈdʒʌstəbəl ˈkɒntrækt]
nounpl: adjustable contracts
contrato ajustável
1. A legal agreement between parties that allows for modifications to its terms, conditions, or prices based on predetermined circumstances or mutual consent
The adjustable contract allowed both parties to modify payment terms if market conditions changed significantly.
O contrato ajustável permitiu que ambas as partes modificassem os prazos de pagamento se as condições de mercado mudassem significativamente.
2. A contract with flexible provisions that can be revised without requiring a completely new agreement
We signed an adjustable contract that includes clauses for rate adjustments every fiscal year.
Assinamos um contrato ajustável que inclui cláusulas para ajustes de taxa a cada ano fiscal.
3. In real estate and finance, a contract with variable interest rates or terms that change according to market indices
The adjustable contract on the mortgage meant our monthly payments could increase or decrease based on prime lending rates.
O contrato ajustável da hipoteca significava que nossos pagamentos mensais poderiam aumentar ou diminuir com base nas taxas de empréstimo preferenciais.
In Brazil, adjustable contracts are common in real estate and financial transactions due to inflation considerations and market volatility. In the USA, adjustable contracts are particularly prevalent in mortgage lending (ARMs - Adjustable Rate Mortgages) and commercial agreements. The term reflects modern business practices that account for economic fluctuations and the need for contractual flexibility in long-term agreements.
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →