Examlex
What is the process by which substances scatter themselves evenly throughout an available space?
Fixed-rate Bonds
Fixed-rate Bonds are bonds that pay the same rate of interest from issue until maturity, regardless of changes in market interest rates.
Floating-rate Bonds
Bonds whose interest rate payments adjust periodically based on an underlying benchmark, making them less sensitive to interest rate changes.
Interest Rate Swap
A financial derivative contract in which two parties exchange interest rate payments on a specified principal amount.
LIBOR
The London Interbank Offered Rate, an interest rate average calculated from estimates submitted by the leading banks in London and used as a reference for lending rates worldwide.
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