variable rate
Interest rate that changes periodically in relation to an index.

variable rate loan
Variable or adjustable loans are loans whose interest rate fluctuates over the period of the loan. As a result, the interest rate on your loan and the monthly payment will rise and fall with increases and decreases in overall interest rates.

Verification of Deposit (VOD)
Document signed by the borrower's bank or other financial institution verifying the borrower's account balance and history.

Verification of Employment (VOE)
Document signed by the borrower's employer verifying the borrower's position and salary.