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单词 drop lock
释义

drop lock


drop lock

n1. (Banking & Finance) finance a variable-rate bank loan used on international markets that is automatically replaced by a fixed-rate long-term bond if the long-term interest rates fall to a specified level; it thus combines the advantages of a bank loan with those of a bond

Drop lock


Drop lock

The fixing of the interest rate on a floating-rate note or preferred stock if it falls to a specified level.
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更新时间:2024/12/22 23:25:40