interest on an annual basis deducted in advance on a loan
Used in the same subject area: Business and finance, Economics, Economics business, Macroeconomics.
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Lombard rate
an interest rate charged by a central bank for very short term loans to other banks against an approved collateral.; "Lending is via central banks, in particular the securities ‘eligible for collateral’ which are registered on lists; as a general rule, the Lombard rate (interest rate) is more or less one per cent above discount rate."
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