Reference rate: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create the page. Sources: linked pages.) |
(No difference)
|
Revision as of 20:44, 18 June 2016
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.
