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Mundell-Tobin effect (E3, E4)<br />The effect on interest rates of price inflation. Nominal interest rates rise at a slower rate than inflation because the public holds less in money balances in inflationary times thereby driving down interest rates.
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<strong>Repayment schedule</strong> – The legal addendum to the promissory note stating the terms of repayment and fulfilling disclosure requirements. The repayment schedule includes the total principal and interest due, the regular installment amount due, and the number of installments required to pay the loan in full. It also includes the interest rate, the due date for the first payment, and the frequency of installments.
continuous variable (C6)<br />A variable, expressed in symbolic form, e.g. x or y, which can assume any value between two given values.<br /><em>See also:</em> discrete variable
bank holding company (G2)<br />A company which owns one or more banks and, often, firms engaged in non-banking activities. The development of such companies in the USA in the twentieth century made the expansion of banking possible, despite the existence of UNIT BANKING.
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