"Locked in" is a phrase that describes a situation where the investor can’t exit a position because of the regulations, taxes or penalties associated with the exiting process.
Interest rate floor is a previously agreed rate in the lower range of rates associated with a floating rate loan product.
Fixed income is a type of investment that pays investors fixed interest payments until its maturity date arrives and when the date comes, investors are paid the principal amount they initially invested.
Living wage refers to a wage level which allows one afford adequate shelter, food and the other necessities for living.
Subcategories
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