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adjustable rate Any interest rate that changes on a periodic basis. The change is usually tied to movement of an outside indicator, such as the prime interest rate. Movement above or below certain levels is often prevented by a predetermined floor and ceiling for a given rate. For example, you might see a rate set at "prime plus 2%". This means that the rate on the loan will always be 2% higher than the prime rate, which changes regularly to take into account changes in the inflation rate. For an individual taking ... More |
13 Biggest Federal Reserve/Treasury Moves in 2008-2009A look at some of the unprecedented moves the Fed and Treasury took to bring the financial markets back from the precipice.
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The Key Difference Between Equity Markets and Credit Markets
The stock market can close down for a while and it really doesn't matter all that much. The primary function of the stock market is not to finance company op ... Read More
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