Variable rated demand bond (VRDB)


 

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Variable rated demand bond (VRDB)

Floating-rate bond that periodically can be sold back to the issuer.



Variable rated demand bond (VRDB)

Similar Matches

Variable rate loan

Variable rate loan

Loan made at an interest rate that fluctuates depending on a base interest rate, such as the prime rate or LIBOR.


Independent variable

Independent variable

Term used in regression analysis to represent the element or condition that is expected to influence another (so-called dependent) variable.


Random variable

Random variable

A function that assigns a real number to each and every possible outcome of a random experiment.


Variable rate

Variable rate

A varible-rate agreement, as distinguished from a fixed-rate agreement, calls for an interest rate that may fluctuate over the life of the loan. The rate is often tied to an index that reflects changes in market rates of interest. A fluctuation in the rate causes changes in either the payments or the length of the loan term. Limits are often placed on the degree to which the interest rate or the payments can vary.


Variable Interest Rate

Variable Interest Rate

An interest rate which fluctuates as the prevailing rate moves up or down. In mortgages there are usually maximums as to the frequency and amount of fluctuation. Also called "flexible interest rate."


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