Term: Difference between revisions
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imported>Doug Williamson (Add definition.) |
imported>Doug Williamson (Add missing word 'rate'.) |
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3. ''Interest rate quotation.'' | 3. ''Interest rate quotation.'' | ||
In relation to interest rates, a 'term' refers to maturities longer than overnight. | In relation to interest rates, a 'term' rate refers to maturities longer than overnight. | ||
Revision as of 15:47, 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' rate 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.
