Reference rate

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Revision as of 11:26, 26 October 2016 by imported>Doug Williamson (Add link.)
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A widely recognised and quoted interest rate - such as the Fed funds rate, the prime rate, or LIBOR - by reference to which a rate of interest is calculated.

For example, in the rate ‘LIBOR plus 50 basis points’, LIBOR is the reference rate.


See also