VARIABLE INTEREST RATE Definition

Bookmark and Share

VARIABLE INTEREST RATE is an interest rate that moves up and down based on the changes of an underlying interest rate index, e.g. a credit card might have a variable rate that is a certain spread over the prime rate.

Learn new Accounting Terms

CORE COMPETENCY is a specific factor that a business believes as being central to the way it, or its employees work. A core competency normally fulfils three key criteria:

  • It provides customer benefits
  • It is not easy for competitors to imitate or duplicate
  • It can be leveraged widely to many products and markets.

MISCELLANEOUS INCOME is that income realized that is not directly related to the sale of standard products and services.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.