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Interest Rate Ceiling |
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Interest rate ceiling See: Interest rate cap Interest Rate Ceiling The highest rate possible under an ARM contract; same as “lifetime cap.” It is often expressed as a specified number of percentage points above the initial interest rate. See Adjustable Rate Mortgage (ARM)/ How the Interest Rate on an ARM Is Determined. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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In South Korea, 14 banks were suspended, the interest rate ceiling was raised and measures were taken to liberalize financial markets to make it more market-driven and less susceptible to political intervention or corruption. Interest rate ceilings and/or floors may also be implemented for FRN issuance, as outlined in the corresponding pricing supplement. The interest rate ceiling on deposits slowly phased out. |
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