Open-market rates

Definition

Interest rates that are determined in the open market by supply and demand, as opposed to being set by the Federal Reserve Board.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University


Term of the Day

Managing underwriter
The leading firm in an underwriting group, which originates the deal and acts as an agent for the group.

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