Examlex
A firm with a variable-rate loan wants to protect itself from increases in interest rates.Which of the following would interest this firm?
I.interest rate floor
II.interest rate cap
III.put option on an interest rate
IV.call option on an interest rate
Obligation
An obligation is a legal or moral duty to do or not do something.
Kenya Communications Act
Legislation governing telecommunications and broadcasting services in Kenya, aimed at facilitating the development of the information and communications sector.
Negotiable Instrument
A legal document guaranteeing the payment of a specific amount of money, either on-demand or at a set time, with the payer named on the document.
Legal
Pertaining to the law or the practice of law, involving legal matters, procedures, or documentation.
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