Variable rate: Difference between revisions
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Revision as of 13:04, 31 March 2021
1. Interest rates - retail.
An interest rate payable or receivable by a retail customer that changes from time to time.
Either in accordance with a predetermined formula, or - more commonly - at the discretion of the provider.
2. Interest rates.
More generally, any interest rate that is not fixed.
Also known as a floating interest rate.
