Provide a Definition for Unbiased Forward Rates (UFR)

question 349

Essay

Provide a definition for unbiased forward rates (UFR).

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Definitions:

Summons

A legal document issued by a court and addressed to a defendant that notifies him or her of the lawsuit and how and when to respond to the complaint. A summons may be used in both civil and criminal proceedings.

Complaint

A formal written document that begins a civil lawsuit; contains the plaintiff’s list of allegations against the defendant along with the damages the plaintiff seeks.

Defendant

An entity, whether a person, corporation, or institution, facing legal action in a court.

Plaintiff

The party who initiates a lawsuit by filing a complaint with the court against the defendant, seeking legal remedy for an alleged grievance.