legal rate of interest
21interest — {{Roman}}I.{{/Roman}} noun 1 desire to learn/hear more about sb/sth ADJECTIVE ▪ avid, close, considerable, consuming, deep, great, intense, keen, lively …
22interest — I UK [ˈɪntrəst] / US noun Word forms interest : singular interest plural interests *** Get it right: interest: When the noun interest means a feeling of wanting to know more about something , it is followed by the preposition in, not for: Wrong:… …
23interest — in|ter|est1 [ ıntrəst ] noun *** ▸ 1 a need to know ▸ 2 activity you enjoy doing ▸ 3 money paid/received ▸ 4 quality attracting you ▸ 5 advantage/benefit ▸ 6 connection affecting someone ▸ 7 right to own part of something ▸ 8 group with same aim… …
24legal limit — A limit fixed by law such as a speed limit, a limit upon the amount of municipal indebtedness, or a limit upon the rate of interest which may be charged by contract …
25interest rate swap — An agreement under which two parties agree to exchange or swap a series of payments corresponding to each other s interest payment obligations. See also swap. + interest rate swap USA A type of over the counter derivative (OTC derivative) under… …
26interest rate margin — USA applicable margin, Also known as interest rate margin or margin. In the context of loans, the percentage rate above LIBOR/ABR (or equivalent) charged by a lender (together comprising the total interest rate earned by a lender on the loan) …
27interest rate floor — The opposite of an interest rate cap. An arrangement under which the seller, in return for a premium, will pay to the buyer the difference between the specified floor rate and the lower variable rate, should the variable rate fall below that… …
28interest rate collar — Under a collar arrangement, both an interest rate cap and an interest rate floor are sold simultaneously. The buyer ensures that if interest rates move outside an agreed range, it will receive payment from the seller. Related links collar… …
29interest period — USA Period of time chosen by a borrower under a loan agreement over which the floating interest rate, such as LIBOR, is fixed. Typically the interest periods are one, two, three or six months. Related terms applicable margin base rate …
30interest rate cap — Under a cap arrangement, the seller of the cap will make payments to the buyer if interest rates rise above an agreed rate. The payment to be made is calculated by reference to a notional principal sum over an agreed term. In return, the buyer… …
