BANK BASE RATE Definition

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BANK BASE RATE is the annual interest rate on which British banks calculate lending charges (minimum lending rate).

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CHURNING, in securities, is the frequent trading of an account in order to generate commissions.

SPOT COMMODITY is a commodity traded with the expectation that it will actually be delivered to the buyer, as contrasted with to a FUTURES CONTRACT that will usually expire without any physical delivery actually taking place. Spot commodities are traded in the SPOT MARKET.

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