Examlex
A case history
Prime Rate
The prime rate is the interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark for various loan products.
Bond Indenture
A legal contract between a bond issuer and the bondholders, outlining the terms, conditions, and covenants of the bond issue.
Floating-Rate Payments
Refers to interest or dividend payments that adjust periodically based on a reference rate, like LIBOR or the Prime Rate.
Fixed-Rate Payments
Payments made in consistent amounts over time in the context of a loan or other financing arrangement, where the interest rate does not change.
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