Examlex
SOFR is an overnight, secured reference rate administered by the New York Fed that broadly measures the cost of borrowing cash overnight collateralized by Treasury securities.
Equivalent Value
The same worth or monetary value as something else.
Rate of Return
The positive or negative financial outcome on an investment through a specific duration, indicated as a percent of the cost of the investment.
Scheduled Payments
Pre-determined payments made at regular intervals, such as monthly mortgage or loan payments.
Compounded Quarterly
Interest calculation method where the interest earned is added to the principal every quarter, increasing the amount on which subsequent interest is calculated.
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