Lombard-rate Definition

noun
(finance) An interest rate charged by a central bank for very short term loans to other banks against an approved collateral.
Wiktionary

Other Word Forms of Lombard-rate

Noun

Singular:
lombard-rate
Plural:
lombard-rates

Origin of Lombard-rate

  • Lombard (“banker or moneylender”)

    From Wiktionary

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lombard-rate