Examlex
Which of the following statements about inclusive language is not true?
Floating-rate Debt
Floating-rate Debt refers to loans or bonds with a variable interest rate, which adjusts periodically based on a benchmark interest rate or index.
LIBOR
The London Interbank Offered Rate, which is a benchmark rate that some of the world’s leading banks charge each other for short-term loans.
Interest Expense
The cost incurred by an entity for borrowed funds over a period, including loans, bonds, or credit lines.
Floating-rate Debt
A form of debt where the interest rate varies over time based on a benchmark interest rate or index.
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