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An upper and lower limit on the interest rate on a floating-rate note or an adjustable-rate mortgage. |
Related Terms: | ||
Key Rate Interest rate fixed by the Federal Bank for the issuance of Federal Bank money. ... Risk Free Rate The interest chargeable on Treasury Bills (T-Bills) is generally known as the Risk Free Rate, and ... Interest Rate The cost of borrowing money. The rate at which borrowed money is charged by the lender, ... |
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