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Glossary > V > "Variable rate loan" Definition

Variable rate loan

Loan made at an interest rate that fluctuates based on a base interest rate such as the Prime Rate or L.I.B.O.R..

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Variable rate loan - Loan made at an interest rate that fluctuates based on a base interest rate such as the Prime Rate or L.I.B.O.R..

Variable rate loan : loan made at an interest rate that fluctuates based on a base interest rate such as the prime rate or l.i.b.o.r..