Examlex
There are numerous norms that guide the operation of the US Supreme Court. If you could, which norm would you change and why would you change it? Conversely, which norm would you keep, and why?
Interest Rate Swap
A financial contract between two parties to exchange interest rate payments on a specified principal amount, often used to manage risk or alter interest rate exposure.
Floating Rate
An interest rate that fluctuates over time with the market or an index.
Fixed Rate
An interest rate that remains unchanged throughout the entire term of the loan, mortgage, or bond.
Derivative Security
A financial security whose value is dependent upon or derived from one or more underlying assets.
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