HomeDefinitionsCompareDebt Renegotiable rateThe financial definition for Renegotiable rate:A type of variable rate involving a renewable short-term "balloon" note. The interest rate on the loan is generally fixed during the term of the note, but when the balloon comes due, the lender may refinance it at a higher rate. In order for the loan to be fully amortized, periodic refinancing may be necessary. Click to compare definitions of Renegotiable rate Click to view definitions beginning re |