Examlex
Economists focus on the effect of changes in income and prices in influencing actual consumer purchases.
Floating-rate Debt
Debt instruments that have variable interest rates, which can change over the duration of the instrument based on market conditions.
LIBOR
The London Interbank Offered Rate, an interest rate average calculated from estimates submitted by leading banks in London and used as a global benchmark for short-term interest rates.
Interest Expense
The expenses an organization faces for using borrowed capital over a specified duration.
Effective Interest Rate
The actual rate of interest earned or paid on an investment or loan over a given period, accounting for the effect of compounding.
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