interest rate derivative - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “interest rate derivative”

interest rate derivative

noun [C]
 
 
FINANCE
a financial product that gives the right to pay or receive an amount of money at a future time, based on a particular interest rate: Many of the world's top companies use interest rate derivatives to control their cashflow.
(Definition of interest rate derivative from the Cambridge Business English Dictionary © Cambridge University Press)
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