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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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