Interest rate floor is a previously agreed rate in the lower range of rates associated with a floating rate loan product.

 

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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.

 

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Living wage refers to a wage level which allows one afford adequate shelter, food and the other necessities for living.

 

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Lock limit is a specific price movement set by trading exchanges that if breached can result in a trading halt of the instrument beyond the lock limit price.

 

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