Examlex
The brain does not appear to differentiate significantly between what is imagined versus what is real.
Fair Market Value
An estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller in the market.
Interest Rate Swap
A financial derivative contract whereby two parties exchange interest rate cash flows, often swapping a fixed rate for a floating rate, or vice versa, to manage exposure to interest rate fluctuations.
Fixed-rate Debt
A type of debt instrument where the interest rate remains constant throughout the life of the borrowing.
Floating-rate Debt
A form of borrowing where the interest rate fluctuates over time based on a benchmark or index rate.
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