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Simple English definitions for legal terms

bank rate

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A quick definition of bank rate:

Bank rate refers to the interest rate that a central bank charges commercial banks for borrowing money. This rate is set by the central bank and can affect the interest rates that commercial banks charge their customers for loans and other financial products. Essentially, the bank rate is a tool used by central banks to influence the economy by controlling the amount of money in circulation and the cost of borrowing.

A more thorough explanation:

Definition: The bank rate is the interest rate at which a central bank lends money to commercial banks. It is also known as the discount rate.

Example: If the bank rate is set at 2%, it means that commercial banks can borrow money from the central bank at a 2% interest rate. This can influence the interest rates that commercial banks charge their customers for loans and mortgages.

Explanation: The bank rate is an important tool used by central banks to control the money supply and inflation. By increasing the bank rate, the central bank can make it more expensive for commercial banks to borrow money, which can lead to higher interest rates for consumers and businesses. On the other hand, lowering the bank rate can make it cheaper for commercial banks to borrow money, which can lead to lower interest rates for consumers and businesses.

banknote | BANKR. REP.

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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