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Definition of “interest rate derivative” - English Dictionary

"interest rate derivative" in Business English

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interest rate derivativenoun [C]

uk   us   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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