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Meaning / Definition of
Interest Rate Option
Categories: Options, Investing and Trading, Stocks,
a contract conferring the right but not an obligation to pay or receive a specific interest rate under stated terms.
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Definition / Meaning of
Home Equity
Categories: Credit and Debt, Real Estate, Legal, ,
The current market value of a house minus how much is owed on it. A home equity loan borrows against this amount.
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