GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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12:08 Mar 21, 2002 |
German to English translations [PRO] Bus/Financial - Investment / Securities | |||||||
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| Selected response from: Ralf Lemster Germany Local time: 14:32 | ||||||
Grading comment
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Summary of answers provided | ||||
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5 | step-up/step-down bonds |
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4 | Sliding interest loan. |
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4 | Loan at variable rate of interest |
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4 | Variable interest loan |
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4 | Level interest loan |
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4 | floating rate loan |
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step-up/step-down bonds Explanation: see references given -------------------------------------------------- Note added at 2002-03-21 12:36:46 (GMT) -------------------------------------------------- Step-ups are not variable-rate bonds - with a step-up, the varying coupons are known at the outset (the purpose is usually tax-driven, deferring higher coupon payments) www.investorwords.com (step-up) newrisk.ifci.ch/00012925.htm (step-down) |
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Grading comment
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18 mins confidence:
20 mins confidence:
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