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Interest rate swap |
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Interest rate swapAn arrangement in which two parties agree to exchange periodic interest payments, at agreed intervals, over an agreed period, but without any principal being paid. The most common and simplest deal involves one party paying a fixed rate of interest and the other paying a floating rate. IRSs are used for hedging, speculation or arbitrage.Similar MatchesWild InterestWild InterestAn interest of record which cannot be traced in the chain of title. Frequently occurs when an incorrect legal description appears on a document. An apparent wild interest may occur if a woman who changes her name through marriage after acquiring property, sells the property using her married name only. Best interests of creditors testBest interests of creditors testThe requirement that a claim holder voting against a plan of reorganization must receive at least as much as if the debtor were liquidated. Interest CapInterest CapThe maximum interest rate increase of an Adjustable Mortgage Loan. For example: a 120% loan with a 5% interest rate cap would have maximum interest for the life of the loan which would not exceed 17%. Covered interest rateCovered interest rateThe covered interest rate, in a currency other than your own, is the nominal interest rate plus the forward premium on the currency; thus the percent you will earn holding the foreign asset while protecting against exchange-rate change by selling the foreign currency forward. Effective Interest RateEffective Interest RateThe annual rate at which an investment grows in value when interest is credited more often than once a year. Further SuggestionsInterest only loanInterest accrual rate mortgage interest relief at source Simple interest Lessees Interest Matured noninterest bearing debt Earnings before interest, taxes, depreciation, and amortization (EBITDA) Interest on interest Real interest rate simple interest Capitalized interest Net interest cost (NIC) Export financing interest Daily interest interest in possession Variable interest rate Forward interest rate Variable Interest Rate compound interest Risk Free Interest Rate Compound interest Effective annual interest rate Deferred interest mortgage Short interest theory Compound interest |
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