Add in option ARMs, a particularly virulent type of adjustable-rate loan, many of which are essentially the same as Alt-A, and the potential hit climbs towards $1 trillion.

这还未算上一种叫做期权可变利率的按揭贷款（option ARM），它毒性很强，但很多情况下和次优按揭基本相同。 加上它的话，损失将达1兆亿美元。

youdao

In the 1980s they were junk bonds and LBOs. The most recent bubble offered CDOs, Option ARMS, Structured Notes and a virtual lexicon of complex and convoluted financing.

上世纪80年代的对应词是垃极债券与LBOs(杠杆收购)最近这次的则是债务抵押债券(CDOs)，利率贷款(Option ARMS)结构型债券，以及与复杂与令人费解的金融相对应的虚拟词典。

youdao

That figure is 11.5% for Freddie's option adjustable-rate mortgages, or option ARMs, a risky type of loan that allowed borrowers to make only minimal payments in the early years.

在房地美的选择付款可调利率抵押贷款中，这一比例达到了11.5%。这一风险较高的贷款类型允许贷款者前几年只需支付最少还款。

youdao

But in case it does not work out and they refuse to lay down their arms and insist to continue their struggle for whatever reason,then the government is keeping the military option open,".

VOA: standard.2009.04.27

Nearly 23 percent of all mortgages taken out in 2005 were interest-only ARMs, and more than 8 percent were payment-option ARMs, according to First American LoanPerformance.

NPR: Mass. Homeowners Rally Against Foreclosures

Write-offs for option ARMs at Washington Mutual, a stumbling thrift, have zoomed from 0.49% in the last quarter of 2007 to 3.91% in the second quarter.

ECONOMIST: American housing 2: Ticking time bomb | The

With payment-option ARMs, borrowers get to choose how much they pay each month: enough to cover the interest plus the principal, the interest only... or less than the interest.

NPR: Mass. Homeowners Rally Against Foreclosures