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IRP

   Also found in: Dictionary/thesaurus, Acronyms, Wikipedia 0.04 sec.
See Interest rate parity line.
Interest Rate Parity
A theory stating that the difference between interest rates in two countries is the difference between the foreign exchange rate and the spot rate of their two currencies. According to this theory, when one makes two fixed investments in two different currencies, the return on both investments are the same even though interest rates may be different in absolute terms. See also: Purchasing power parity.


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The structure of the loan included an IRP decoupling, which allowed the pre-existing monthly interest reduction payment (IRP) subsidy to continue after payoff of the current loan.
The purpose of the IRP is to present a plan on how to meet Burbank's future electric needs," said Bruno Jeider, the author of the report, at BWP's headquarters near downtown.
Mechanical rubber goods accounted for nearly 50% of demand for IRP in 2003, and future growth will be highly dependent on motor vehicle production levels, as well as the aggregate number of vehicles in use.
 
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