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seasonal credit N INV-FIN

Specialized Vocabulary

seasonal credit (landwirtschaftlicher Überbrückungskredit)

English

Primary and secondary credit is normally offered on a secured overnight basis, while seasonal credit is extended up to nine months. en.wikipedia.org

The seasonal credit rate is set from an averaging of the effective fed funds rate and 90-day certificate of deposit rates. en.wikipedia.org

In 2006, these were: the primary credit rate (the most common), the secondary credit rate (for banks that are less financially sound), and the seasonal credit rate. en.wikipedia.org

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