Examlex
Explain and demonstrate how BAB futures contracts can be used to hedge a floating-rate borrower's exposure to interest rate risk.Assume that the borrower plans to issue 90-day bank bills with a face value of $80 million under a two-year bill facility commencing next September, that September BAB futures are trading at 94.75, and that the spot 90-day bill rate in September is 5.40%.
Pericycle
A layer of cells just inside the endodermis in plant roots, which can give rise to lateral roots, contributing to the plant's growth and development.
Illuviation
The deposition of material leached from the upper layers of soil into the lower layers.
Dissolved Materials
Substances that are mixed uniformly at the molecular level in a solvent, forming a solution.
Root Cortex
The layer of plant tissue between the epidermis and the vascular cylinder in roots, important for storage and transport of nutrients.
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