Examlex
Match the terms with the most suitable description.
-scientific theory
Market Rate
The prevailing interest rate available in the marketplace for loans, deposits, and investments, often influenced by central bank rates and economic conditions.
Contract Rate
The agreed upon rate of interest to be paid on a loan or financial transaction as outlined in a contract.
Premium
The amount by which the cost of a financial instrument or insurance policy exceeds its face value or principal.
Interest Expense
Financial obligations an entity must meet for the use of borrowed capital over a set period.
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