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Banking

MCLR

It stands for marginal cost lending rate; the minimum interest rate below which banks and financial institutions cannot lend as...

Marginal Cost Lending Rate

The minimum interest rate below which banks and financial institutions cannot lend as it would be infeasible, or not allowable...

DL Note

It stands for drop-lock note; a floating rate note that converts into a fixed coupon obligation when a reference interest…

DL Bond

It stands for drop lock bond; a floating-rate bond that converts into a fixed coupon obligation when a reference interest…

Drop Lock Note

A floating rate note that converts into a fixed coupon obligation when a reference interest rate (or index) is traded…

CP Rate

The interest rate on commercial paper (CP) which represents are an unsecured, short-term debt instrument issued by a company or…

Annual Percentage Rate

The interest rate (charged for borrowing or made by investing) as calculated on an annualized basis including any respective fees...

APR

An abbreviation for annual percentage rate; it is the interest rate (charged for borrowing or made by investing) as calculated...

Discount Rate

The interest rate which is charged to commercial banks and other depository institutions on short-term loans offered by the central...

Base Rate

The interest rate which is set and used by banks and financial institutions as a basis for determining their lending...