An agreement whereby one party, for an up-front premium, agrees to compensate the other at specific time periods if a designated interest rate (the reference rate) is different from a predetermined level (the strike rate).
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosi.htm
An agreement whereby one party, for an upfront premium, agrees to compensate the other at specific time periods if a designated interest rate (the reference rate) is different from a predetermined level (the strike rate).
Found on
http://www.encyclo.co.uk/local/20047
The cost of borrowing money, expressed as a percentage per period of time, usually one year.
Found on
http://www.encyclo.co.uk/local/22402
No exact match found.
