Examlex
When faced with making legal decisions, judges are reluctant to make decisions that contradict earlier judicial decisions. This propensity is an example of the principle of
Fixed Rate
A constant interest rate applied to a loan or mortgage that remains unchanged throughout the term, offering predictability in payments.
Variable Rate
An interest rate that fluctuates over time with market conditions, often applied to loans and credit.
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.
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