Effective

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1.

Referring to a hedged or all-in rate, cost, or amount of income, stated after taking account of the effects of any hedging and of any related expenses - including issue costs and transaction costs.


2.

More broadly, any comparable measure taking appropriate account of all relevant factors - for example front end fees or other expenses - but not necessarily a hedged measure.


3.

An amount stated as an annual effective rate.


See also