Examlex
Why is rBGH injected into dairy cows?
Market Rates
Refers to the current interest rate or price available in the marketplace for financial instruments or commodities.
Floating-rate Debt
Floating-rate Debt refers to loans or bonds with a variable interest rate, which adjusts periodically based on a benchmark interest rate or index.
LIBOR
The London Interbank Offered Rate, which is a benchmark rate that some of the world’s leading banks charge each other for short-term loans.
Interest Expense
The cost incurred by an entity for borrowed funds over a period, including loans, bonds, or credit lines.
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