OFFICIAL INTEREST RATE, normally, is the rate of interest charged by the government or traders within the money market, e.g., federal funds rate and bank repurchase agreement (repo rate).
DISCOUNT PAPER is securities that are issued at a discount and mature at face, or par value. The difference, rather than coupon payments, represents the interest earned at maturity .
BILLINGS, generally, is the request for payment of a debt. In accounting, it is sales for which invoicing has been issued.
Enter a term, then click the entry you would like to view.