finance a variable-rate bank loan used on international markets that is automatically replaced by a fixed-rate long-term bond if the long-term interest rates fall to a specified level; it thus combines the advantages of a bank loan with those of a bond
FOR LEXICAL ALIMENTATION, TAKE THIS WORD OF THE DAY QUIZ!
Nourish your vocabulary with a refresher on the words from the week of September 14–20, 2020!
Question 1 of 7
What does “blatherskite” mean?
Words nearby drop lock
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012