Examlex
Legislators typically make their decisions with forethought and calculation.
Contract Rate
The agreed-upon interest rate specified in a loan or bond agreement.
Market Rate
The current price at which an asset or service can be bought or sold in a given market.
Quoted
The stated price or rate for a financial instrument or commodity in the marketplace.
Bond
A fixed-income investment in which an investor loans money to an entity (corporate or governmental) which borrows the funds for a defined period at a variable or fixed interest rate.
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