YIELD CURVE
\jˈiːld kˈɜːv], \jˈiːld kˈɜːv], \j_ˈiː_l_d k_ˈɜː_v]\
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Plotting interest rates against maturities creating a term structure. In normal conditions it is a upward curve. This causes shortterm funds to cost less to invest in. The shape is influenced by money, liquidity, and derivatives. Refer to expectations the
By Henry Campbell Black
Word of the day
ARBITRARY PUNISHMENTS
- Practice. punishments left to decision of the judge, in distinctiou from those which are defined by statute.