10:37
It seems so odd that lower ranked schools tend to region lock you though, it’s the only profession that really works like that I feel
Warning
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Warning
Info
LSDefine
Simple English definitions for legal terms
inverse-floating-rate note
Read a random definition: Clayton Antitrust Act
A quick definition of inverse-floating-rate note:
An inverse-floating-rate note is a type of loan where the interest rate goes down when the market interest rates go up. This means that if the market interest rates rise, the value of the note goes down and the borrower may have to pay more interest. It is a risky investment because the value of the note can change quickly.A more thorough explanation:
An inverse-floating-rate note is a type of promissory note that has an interest rate that moves in the opposite direction from the underlying index, such as the London Interbank Offer Rate. This means that if the index goes up, the interest rate on the note goes down, and vice versa. However, these notes are considered risky investments because if interest rates rise, the securities lose their value and their coupon earnings fall.
For example, if an investor buys an inverse-floating-rate note with an interest rate of 5% and the underlying index goes up by 1%, the interest rate on the note will go down to 4%. If the index goes down by 1%, the interest rate on the note will go up to 6%. This type of note is often used by investors who want to speculate on interest rate movements.