LOCKED-IN INTEREST RATE
Refers to a binding commitment where the borrower and the lender agree at a certain interest rate and at the specified period. The lending institution commits to charge this locked-in interest rate as a legal commitment. If some qualifications or exceptions are not met during the term of the loan, the lender can charge a higher rate.
Also called fixed rate.
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A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
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Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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