Examlex
Which of the following words are the most abstract?
Loan Term
The duration of time over which a loan agreement is in effect, dictating the repayment schedule.
Floating-Rate Bond
A bond whose interest payments fluctuate with the market interest rates, rather than being fixed.
Coupon Payment
The annual interest payment made to bondholders, typically expressed as a percentage of the face value.
Interest Rate Index
A benchmark interest rate that serves as a reference point for determining interest rates on various financial instruments or loans.
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