LOMBARD RATE Definition

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LOMBARD RATE is the rate at which the Bundesbank, the German central bank, lends funds to banks as short-term credit. It is normally at least one percentage point above the discount rate and is regarded as an important international indicator.

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COMPARABILITY is the quality or state of being similar or alike.

PROFIT & LOSS ACCOUNT shows the net profit which is left after all relevant business expenses have been deducted.

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