INTEREST RATE
The amount charged by a lender to a borrower for using assets. Expressed as a percentage of principal, these are usually noted on an annual basis, known as the annual percentage rate (APR). Assets can include cash, consumer goods, or large assets such as building or vehicle. In essence, interest is a rental or leasing charge to a borrower for using an asset. For a large asset such as building or vehicle, this is called lease rate. When the borrower is a low-risk party, they will normally be charged a low interest rate. Conversely, if the borrower is a high-risk party, the rates will be charged higher.
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Performance Index Paper - PIP
Short-term paper on which the rate of interest is denominated and paid in a base currency. Performance index paper's interest rate is determine ...
Protest Divestment
It refers to the intentional selling of stock on a large scale to make financial pressure on a corporation to force social change.
Co-Owner
Individual or group sharing ownership in an asset with another individual or group. Co-owner of an asset holds a certain percentage although this m ...
Prepaid Interest
It refers to the interest that a debtor pays before the first scheduled repayment of debt.
Other Comprehensive Basis of Accounting - OCBOA
These are financial statements prepared using a system of accounting that differs from GAAP, the most common being tax-basis and cash-basis financi ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 14:30 | FOMC Member James Bullard Speaks | ||
| 16:00 | Consumer Confidence | May | |
| 16:50 | FOMC Member Raphael W. Bostic Speaks | ||
| 02:30 | PMI Manufacturing | May | |
| 02:30 | Tertiary Industry Index | May | |
| 02:30 | PMI Composite | May | |
| 07:00 | BOJ Core CPI | Apr | |
| 08:00 | Public Sector Net Borrowing | Apr | |
| 09:15 | PMI Manufacturing | May |
