CONTRACT RATE OF INTEREST Definition

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CONTRACT RATE OF INTEREST is the interest rate specified in a contract.

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EATING STOCK is when an underwriter can't find buyers for a stock and therefore has to buy them for his own account.

FISCAL YEAR is the declared accounting year for a company, but it is not necessarily in conformance to a calendar year (January through December). However, it does cover twelve months, 52 weeks, 365 days. For example, the U.S. government fiscal year ends September 30, i.e. October 1 through September 30 is their fiscal or accounting year.

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