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pmt_floor_life

pmt_floor_life (variable)

Maximum percent a payment can decrease over the life (ARM)

Declared as: double

Description: The maximum percent the initial payment can decrease over the life of an ARM. The number is stated as a percent (that is, 10% = 10.0 and means an initial payment of $100.00 can only decrease to $90.00 over the ARM's life)

Valid values: 
  Any number greater than zero
© 2001 TIPS, Inc.Doc Version: 5.0