Term: Difference between revisions
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imported>Doug Williamson (Add third definition for term fixings.) |
imported>Doug Williamson (Add definition.) |
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1. | 1. ''Contract law.'' | ||
A term is a part of a contract which may be either: | |||
A part of | |||
(i) A condition; <br> | (i) A condition; <br> | ||
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3. | 3. ''Interest rate quotation.'' | ||
In relation to interest rates, a 'term' refers to maturities longer than overnight. | |||
4. | |||
A period within a floating rate loan's total maturity, for which an interest rate is fixed at the start of that period. | A period within a floating rate loan's total maturity, for which an interest rate is fixed at the start of that period. | ||
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* [[Sight]] | * [[Sight]] | ||
* [[Term out]] | * [[Term out]] | ||
* [[Term rate]] | |||
* [[Warranty]] | * [[Warranty]] | ||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
Revision as of 15:46, 19 April 2019
1. Contract law.
A term is a part of a contract which may be either:
(i) A condition;
(ii) A warranty; or
(iii) An innominate term.
Contract terms may be express terms or implied terms.
2.
The time before maturity.
Also known as the Tenor.
3. Interest rate quotation.
In relation to interest rates, a 'term' refers to maturities longer than overnight.
4.
A period within a floating rate loan's total maturity, for which an interest rate is fixed at the start of that period.
