1.The interest rate on any financial instrument of short maturity. 2.Denoted STIR, a particular financial instrument that is a futures contract on a short term interest rate, often a 3-month interest rate in any of a variety of currencies. Found on http://www-personal.umich.edu/~alandear/glossary/s.html
1.The interest rate on any financial instrument of short maturity. 2.Denoted STIR, a particular financial instrument that is a futures contract on a short term interest rate, often a 3-month interest rate in any of a variety of currencies.