interest rate floor

Definition

Use interest rate floor in a sentence

You should try and wait until there is a time where you can find the interest rate floor and then take on your mortage.

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The interest rate floor was favorable enough to us that we had no reservations signing on the dotted line when we saw the contract.

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Before accepting their adjustable rate mortgage Sue and Mike wanted to see what the interest rate floor was to make sure the minimum interest wasn't too high.

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interest rate exposure floor