Variable-rate A varible-rate agreement, as distinguished from a fixed-rate agreement, calls for an interest rate that may fluctuate over the life of the loan. See more. Variable Rate Meaning: In deposit terminology, the term Variable Rate refers to any type of deposit account which does not pay its holder a fixed interest rate. Prescription maps can be created using electromagnetic induction, which is considered to be cost-effective, and non-destructive. Floating-rate note (FRN) Note whose interest payment varies with short-term interest rates. These bonds typically have coupons renewable every three months and pay according to a set calculation. variable-rate - WordReference English dictionary, questions, discussion and forums. The rate is often tied to an index that reflects changes in market rates of interest. The way in which the materials are… Variable rate application can be either map based or sensor based. Variable-rate definition, providing for changes in the interest rate, adjusted periodically in accordance with prevailing market conditions: a variable-rate mortgage. A variable rate is usually expressed as an annual percentage and fluctuates in tandem with a rate index. Variable-Rate Demand Note A debt security that a holder may require the issuer to redeem before maturity. The level of the Variable Rate paid is often based on a benchmark interest rate such as the prime rate in … Floating-Rate Note A bond with a variable interest rate. Map based VRA is pre-planned, and applications are based on VRA prescription maps that an Agronomist or Advisor prepares based on data sources. Variable rate application (VRA) in precision agriculture is an area of technology that focuses on the automated application of materials to a given landscape. Indexed Rate: An interest rate charged on loans to borrowers that is calculated by taking the sum of a benchmark index interest rate and a specified margin. All Free. A fluctuation in the rate causes changes in either the payments or the length of the loan term. Variable-rate demand note A note that is payable on demand and bears interest tied to a money market rate.