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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CREDIT CARD is a card authorizing purchases on credit at a predetermined interest rate and payment conditions.

FED BOOK ENTRY is an electronic registration, transfer and settlement system for securities on the Federal Reserve System.

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