Examlex
The overnight repurchase rate is the rate charged on overnight loans, which are collateralized, by which one of the following securities?
Subrogation
The legal right held by insurers to pursue a third party that caused an insurance loss to the insured.
Secured
Relating to a loan or obligation that is backed by collateral, ensuring the lender has recourse in case of default by the borrower.
Obligation
A legal or moral duty to do or not to do something, often resulting from a contract or promise.
Subrogation
The process by which one party assumes the legal rights of another party to collect a debt or claim.
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