TVR, or Total Variable Rate, is a financial term used to describe the interest rate that can change over time based on market conditions. It is commonly associated with loans and mortgages, where the rate may fluctuate, affecting monthly payments. Borrowers should be aware that while a TVR can start lower than a fixed rate, it carries the risk of increasing costs in the future. In the context of investments, TVR can also refer to the total return on an investment, which includes both capital gains and income generated. Understanding TVR helps investors make informed decisions about their portfolios and assess potential risks and rewards.