short rate


A higher periodic rate charged for a shorter term than what was originally contracted for; the increased rate charged by an insurance company upon early cancellation of a policy.

Use short rate in a sentence

The contract was given a short rate and I thought that was a better idea for us and for the business.

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You may want to try and take on a short rate if you think that will be a better way for the long term.

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short purchase short rate penalty