An adjustable-rate mortgage, commonly referred to as an ARM, may start off with a fixed rate for a specified amount of time (one to five years is common) but will then adjust to the market index and continue to adjust on a regular scheduleâeither up or down.
The Practical Ethics minor is designed to familiarize students with the nature and varieties of moral reasoning that are applied to areas of everyday experience, such as: business, marketing, management, and sales; medicine and the delivery of health care; law enforcement; media and public relations; social service careers; civic life; and intimate life in the roles of friend, lover, partner, parent, child, man or woman, and racialized person.
Adj. 1. practical-concerned with actual use or practice; he is a very practical person; the idea had no practical application; a practical knowledge of Japanese; woodworking is a practical art. concrete-capable of being perceived by the senses; not abstract or imaginary; concrete objects such as trees.