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Banking

Base Interest Rate

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

Election Warrant

A warrant whose ultimate payoff or redemption value is likely to be determined based on the results of an election.…

Exchangeable Variable Rate Note

A variable rate note (floating rate note) that pays a floating coupon after a predetermined date; before this date the…

EVRN

It stands for exchangeable variable rate note; a variable rate note (floating rate note) that pays a floating coupon after…

Prime Lending Rate

The short-term interest rate that is charged by banks to their most creditworthy, financially sound customers, i.e. customers who have...

Prime Cap

An interest rate cap whose reference rate (underlying interest rate) is linked to the prime rate- i.e., the interest rate...

LIBOR Prime Swap

An interest rate swap that has two legs: 1) LIBOR-pay, prime-receive and 2) prime-pay, LIBOR receive. In other words, the...

Prime Rate

The short-term interest rate that is charged by banks to their most creditworthy, financially sound customers, i.e. customers who have...

Base Rate

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

Floating Rate Loan

A loan whose interest rate payments change over the life of the loan. Typically, the floating interest rate is tied...