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  2. Share Prices
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  5. Flat Rate

Flat Rate

Definition of 'Flat Rate'

The rate of interest quoted by by a hire purchase company (or other lender) to a hiree which fails to reflect properly the true interest rate being charged as measured by the Annual Percentage Rate.

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Related Terms

FlatSquareFloating Rate NoteForward PointsHurdle RateAccrual RateAnnualise Percentage Rate of InterestBusiness RateEquity SwapEuro Floating Rate NoteFinancial Management Rate of ReturnFishers EquationFloating-Rate BorrowingForward Rate of ExchangeInterest Rate Parity of Exchange Rate DeterminationInterest Rate SpreadInternal Rate of ReturnKey RateModified Internal Rate of ReturnPreferred Return

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