floating-rate
91fixed for floating swap — An interest rate swap in which the fixed rate payments are traded for a floating rate. Bloomberg Financial Dictionary …
92receive floating counterparty — The transaction in an interest rate swap who receives payments based on the floating rate and makes payments based on the fixed rate. Bloomberg Financial Dictionary …
93MIBOR (Mumbai Inter-Bank Offer Rate) — MIBOR Mumbai Inter Bank Offer Rate MIBID Mumbai Inter Bank Bid Rate The Committee for the Development of the Debt Market that had studied and recommended the modalities for the development for a benchmark rate for the call money market.… …
94variable rate — ➔ rate1 * * * A periodically adjusted rate, usually based on a standard market rate. * * * variable rate UK US noun [C] (also adjustable rate, floating rate) FINANCE, PROPERTY ► an interest rate that can change over a period of time: »Hali …
95Australian Financial Markets Association (AFMA) Bank-Bill Reference Rate (BBSW) — The bank bill interest rate is the wholesale interbank rate within Australia and is published by the Australian Financial Markets Association (AFMA). It is the borrowing rate among the country s top market makers, and is widely used as the… …
96Teaser Rate — An initial rate on an adjustable rate mortgage (ARM). This rate will typically be below the going market rate, and is used by lenders to entice borrowers to choose ARMs over traditional mortgages. The teaser rate will be in effect for only a few… …
97Locked-In Interest Rate — Referring to a loan where the borrower and lender agree on a constant rate for a specified period. The lending institution promises to charge this locked in rate as a legal commitment. Sometimes there are certain qualifications or exceptions… …
98adjustable rate — Applies mainly to convertible securities ( convertible security). Refers to interest rate or dividend that is adjusted periodically, usually according to a standard market rate outside the control of the bank or savings institution, such as that… …
99Fixed rate bond — In finance, a fixed rate bond is a bond with a fixed coupon (interest) rate, as opposed to a floating rate note. A fixed rate bond is a long term debt paper that carries a predetermined interest rate. The interest rate is known as coupon rate and …
100Fixed-Rate Payment — The amount due every period by a borrower to a lender under a fixed rate loan. The fixed rate loan payments will be equal amounts until the loan plus interest are paid in full. The payment amount can be calculated using the following formula:… …
