Examlex
A production function begins at the origin because
Variable Rate Loans
Loans with interest rates that can fluctuate over time based on an underlying benchmark rate or index.
Tranches
Portions or slices of debt or securities that are structured to divide risk or return in a way that is marketable to different investors.
Credit Risk
Credit risk refers to the possibility that a borrower will default on a loan by failing to make the necessary payments.
Seniority
The order of repayment in the event of a sale or bankruptcy, with higher seniority debts being repaid before those of lower seniority.
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