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Discount Rate

The interest rate which is charged to commercial banks and other depository institutions on short-term loans offered by the central...

    Base Rate

    The interest rate which is set and used by banks and financial institutions as a basis for determining their lending...

      Floating Rate Loan

      A loan whose interest rate payments change over the life of the loan. Typically, the floating interest rate is tied...

        Drop-Lock Bond

        A floating-rate bond that converts into a fixed coupon obligation when a reference interest rate (market interest rate) drops below...

          Loan

          An amount of money that is lent by a person or an entity to others (including individuals, entities, etc.) The...