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Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

T

Term

The Term of a loan is simply the length of time the loan is repaid over, usually specified in months. So a loan over 4 years would have a term of 48 months.

Treasury Bill Rate (T-bill Rate)

The rate paid by the government on its short-term borrowing. The rate is reset periodically. Treasury Bill rates are indexes used by variable-rate loan programs.

 


Term

Treasury Bill Rate (T-bill Rate)
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