1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

Showing 1 term

External benchmark lending rate

Market basics

Also called: EBLR

A floating loan rate expressed as a published external benchmark plus a spread fixed at sanction.

In plain terms

The benchmark moves for everybody; your spread was set the day you signed. Lenders compete by cutting the spread on new loans, which is why the bank next door quotes less than your own bank charges you.

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Indian stock market glossary · Market Vidyalaya