6 Terms
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General Finance
Industry: Financial services
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General Finance
variable plan
Financial services; General Finance
A plan in which either the number of shares and/or the price at which they will be issued is not known on the grant date.
variable-price security
Financial services; General Finance
A security that sells at a fluctuating market-determined price stocks and bonds are example.
variable-rate
Financial services; General Finance
A varible-rate agreement, as distinguished from a fixed-rate agreement, calls for an interest rate that may fluctuate over the life of the loan. The rate is often tied to an index that reflects ...
variable-rate cds
Financial services; General Finance
Short-term certificate of deposits that pay interest periodically on roll dates. On each roll date, the coupon on the CD is adjusted to reflect current market rates.
variable-rate demand note
Financial services; General Finance
A note that is payable on demand and bears interest tied to a money market rate.
variable-rate loan
Financial services; General Finance
Loan made at an interest rate that fluctuates depending on a base interest rate, such as the prime rate or LIBOR.
Variable rated demand bond (VRDB)
Financial services; General Finance
Floating-rate bond that periodically can be sold back to the issuer.
