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KB Term:
AdjustableRateAccount
Sigma KEE - AdjustableRateAccount
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AdjustableRateAccount
An
InterestBearingAccount
in which the interest rate is adjusted periodically, usually based on a standard market rate outside the control of the bank or savings institution, such as that prevailing on
TreasuryBill
or the
primeInterestRate
.
Relationships
Parents
InterestBearingAccount
FinancialAccounts that have a fixed or adjustable interest rate.
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