|
|
Rate lock |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Rate lockAn agreement between the mortgage banker and the loan applicant guaranteeing a specified interest rate for a designated period, usually 60 days.Rate lock Similar MatchesDiscounted rate mortgageDiscounted rate mortgageA mortgage which guarantees the interest rate charged will remain a set number of percentage points below the lender's standard variable rate. The rate changes as base rate moves up and down, but the relationship between base rate and the rate you pay remains constant. London Interbank Offered Rate (LIBOR)London Interbank Offered Rate (LIBOR)The rate of interest that major international banks in London charge each other for borrowings. Many variable interest rates in the US are based on spreads off LIBOR. By contrast with the bid rate LIBID quoted by banks seeking such deposits. Crossover rateCrossover rateThe return at which two alternative projects have the same net present value. Tax Reduction StrategyTax Reduction StrategyA source of competitive advantage that depends on differences in the tax rates imposed in different locations. Assumed interest rateAssumed interest rateRate of interest used by an insurance company to calculate the payout on an annuity contract. Further SuggestionsAuction rate preferred stock (ARPS)married put strategy Historical exchange rate Forward rate European exchange rate mechanism (ERM) Interbank rate Arithmetic average (mean) rate of return Broker loan rate Separate customer corporate actions higher rate adjustment Not rated Prime rate prevailing interest rate basic rate tax Unemployment rate London Inter Bank Offered Rate Import substitution development strategy Duration matching strategy Call money rate Corporate income fund (CIF) Interest rate ceiling Floating exchange rate system Real exchange rates Interest rate |
|
|
|