Absolute Spread
Summary of Absolute Spread
A provision in a variable rate loan that fixes the upper limit of the premium over prime rate at a specific percentage, e.g., prime plus 3 percent.
(Main Author: William J. Miller)
A provision in a variable rate loan that fixes the upper limit of the premium over prime rate at a specific percentage, e.g., prime plus 3 percent.
(Main Author: William J. Miller)
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