Reference Rate definition: Copy, customize, and use instantly
Introduction
The term "Reference Rate" refers to an index or benchmark rate that is used to determine interest rates or other financial terms in a contract. It is typically used to tie the variable interest rate to an external source, such as the LIBOR or a government bond yield. The Reference Rate provides an objective measure to calculate the applicable interest rate.
Below are various examples of how "Reference Rate" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Reference Rate" as an interest rate benchmark
This definition ties "Reference Rate" to an interest rate benchmark.
"Reference Rate" means the benchmark interest rate, such as LIBOR, or any other rate agreed upon by the parties, used to determine the applicable interest rate for the obligations under this agreement.
Definition of "Reference Rate" as the base rate for adjustments
This definition connects "Reference Rate" to the base rate for adjustments.
"Reference Rate" refers to the rate used as the base for determining adjustments to the interest rates of loans, calculated according to market conditions or other relevant external indices.
Definition of "Reference Rate" as external index
This definition links "Reference Rate" to an external index.
"Reference Rate" means the rate provided by a recognized financial institution or government agency, such as the Federal Reserve, to determine interest rates or payment amounts for the duration of this agreement.
Definition of "Reference Rate" as rate for floating rate loans
This definition applies "Reference Rate" to floating rate loans.
"Reference Rate" refers to the rate used to calculate the interest on floating rate loans, with adjustments made periodically based on the movements in the reference rate.
Definition of "Reference Rate" as rate determined by an external party
This definition connects "Reference Rate" to an external party.
"Reference Rate" means the rate determined by an external financial service provider, typically a national bank or central authority, used as the basis for determining the loan’s interest rate.
Definition of "Reference Rate" as contractual benchmark
This definition ties "Reference Rate" to a contractual benchmark.
"Reference Rate" refers to the agreed-upon external index or benchmark rate used to calculate the financial terms of the agreement, such as the interest rate or payment structure.
Definition of "Reference Rate" as the applicable rate for variable interest
This definition links "Reference Rate" to variable interest rate calculation.
"Reference Rate" means the rate used to calculate the applicable interest on loans or debts under this agreement, with adjustments based on periodic changes in the reference index.
Definition of "Reference Rate" as market-driven index
This definition connects "Reference Rate" to a market-driven index.
"Reference Rate" refers to the market-driven rate, such as the prime rate, that is used to determine the financial terms or pricing of certain obligations under this agreement.
Definition of "Reference Rate" as a determined financial rate
This definition links "Reference Rate" to a determined financial rate.
"Reference Rate" means the financial rate published by a reputable source, which is used to adjust the terms of this agreement, including interest rates or financial penalties.
Definition of "Reference Rate" as the base rate for financial calculations
This definition applies "Reference Rate" to financial calculations.
"Reference Rate" refers to the base rate set by a recognized financial authority, used for determining the rate of interest or other financial obligations under this agreement.
Definition of "Reference Rate" as a rate linked to economic conditions
This definition connects "Reference Rate" to economic conditions.
"Reference Rate" means the rate based on economic conditions and market indices that is used to calculate the cost of borrowing or the rate of return for investments under this agreement.
Definition of "Reference Rate" as the standard rate for loan agreements
This definition links "Reference Rate" to loan agreements.
"Reference Rate" refers to the standard rate, often determined by a central bank or financial authority, used to set the interest rates for loans or credit arrangements in this agreement.
Definition of "Reference Rate" as rate used for currency conversion
This definition ties "Reference Rate" to currency conversion.
"Reference Rate" means the rate used to convert currency under this agreement, determined by an external financial service or exchange market rate.
Definition of "Reference Rate" as a predetermined rate for adjustments
This definition connects "Reference Rate" to predetermined rate adjustments.
"Reference Rate" refers to a rate pre-established by the parties and used to adjust interest rates or financial terms periodically in accordance with external financial conditions.
Definition of "Reference Rate" as a published market rate
This definition applies "Reference Rate" to a published market rate.
"Reference Rate" refers to a published rate, such as a government bond yield, used as the reference for setting the applicable interest rates in this agreement.
Definition of "Reference Rate" as a public rate
This definition links "Reference Rate" to a public rate.
"Reference Rate" means a public rate, such as the federal funds rate or other government-set rate, used as the basis for determining the cost of borrowing or lending in this agreement.
Definition of "Reference Rate" as the basis for financial calculations
This definition ties "Reference Rate" to financial calculations.
"Reference Rate" refers to the benchmark rate that serves as the basis for calculating interest or other financial charges under this agreement.
Definition of "Reference Rate" as the interbank offered rate
This definition connects "Reference Rate" to the interbank offered rate.
"Reference Rate" means the interbank offered rate, such as LIBOR, which is used to set the interest rates on various financial products under this agreement.
Definition of "Reference Rate" as the applicable interest rate indicator
This definition applies "Reference Rate" to interest rate indicators.
"Reference Rate" refers to the rate, often determined by an external financial institution, used as the indicator for the applicable interest rate in this agreement.
Definition of "Reference Rate" as the rate for cost adjustment
This definition links "Reference Rate" to cost adjustment.
"Reference Rate" means the rate used to adjust the cost of a loan, credit, or transaction, reflecting the changes in the underlying financial conditions.
Definition of "Reference Rate" as an agreed-upon benchmark rate
This definition ties "Reference Rate" to an agreed-upon benchmark rate.
"Reference Rate" refers to the benchmark rate agreed upon by both parties in this agreement, used to determine the interest rate or other pricing conditions.
Definition of "Reference Rate" as a financial index
This definition connects "Reference Rate" to a financial index.
"Reference Rate" means the index or rate that is used to determine the terms of borrowing or investment, typically based on publicly available financial data.
Definition of "Reference Rate" as the rate for interest calculation
This definition links "Reference Rate" to interest calculation.
"Reference Rate" refers to the rate used to calculate the interest due on loans or other obligations under this agreement, as determined by an external financial index or authority.
Definition of "Reference Rate" as the global financial rate
This definition applies "Reference Rate" to a global financial rate.
"Reference Rate" means the globally recognized financial rate, such as the LIBOR or EURIBOR, that is used as the basis for financial transactions under this agreement.
Definition of "Reference Rate" as the rate set by market conditions
This definition connects "Reference Rate" to market conditions.
"Reference Rate" refers to the rate that reflects current market conditions, used to determine interest rates or other charges under this agreement.
Definition of "Reference Rate" as rate specified by a third party
This definition ties "Reference Rate" to a third-party specification.
"Reference Rate" means the rate specified by a third-party financial institution or regulatory authority, used to calculate applicable charges or obligations under this agreement.
Definition of "Reference Rate" as rate subject to periodic adjustment
This definition applies "Reference Rate" to periodic adjustments.
"Reference Rate" refers to a rate that is subject to periodic adjustments, based on changes in the market or economic conditions, used for determining financial terms in this agreement.
Definition of "Reference Rate" as rate based on national financial authority
This definition connects "Reference Rate" to a national financial authority.
"Reference Rate" means the rate set by the relevant national financial authority, such as a central bank or regulatory body, used as the basis for determining financial terms.
Definition of "Reference Rate" as the official published rate
This definition ties "Reference Rate" to the official published rate.
"Reference Rate" refers to the official rate published by a recognized financial institution or authority, used to determine the pricing or interest rate applicable to this agreement.
Definition of "Reference Rate" as rate agreed upon by parties
This definition links "Reference Rate" to a mutual agreement.
"Reference Rate" means the rate agreed upon by the parties, which serves as the basis for determining interest rates or financial terms under the agreement.
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