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Old 08-02-2011, 05:46 AM   #135
Antisdill
 
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government bond (E5, G1)<br />A long-term stock market security issued by a central, state or local government which is either irredeemable or to be repaid after a stated number of years.<br /><em>See also:</em> gilts

<strong>Variable rate</strong> – An interest rate that varies over time and generally has a specified maximum (cap). Prior to July 1, 2006, interest rates on FFEL Program loans were variable with an 8.25% cap. (Beginning July 1, 2006, interest rates are now fixed rates, with the maximum established at 6.8% for Stafford Loans and 8.5% for FFEL Program PLUS Loans.)

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