Economy, asked by bhavna4514, 9 months ago

What Is The Meaning Of Floor Rate Of 4%

Answers

Answered by Sachinarjun
0

Explanation:

An interest rate floor is an agreed-upon rate in the lower range of rates associated with a floating rate loan product. ... An interest rate floor is often present through the issuing of an ARM, as it prevents interest rates from adjusting below a preset level.

Similar questions