3-6-3 Rule

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Definition: 3-6-3 Rule

3-6-3 Rule
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Full Definition of 3-6-3 Rule

A slang term used to describe a method of bankers offering a certain interest rate to their depositors, such as 3 percent, and then lending those same funds out at a higher rate, such as 6 percent. Then, the bankers go and play golf at 3:00 p.m.

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https://payrollheaven.com/define/3-6-3-rule/
Modern Language Association (MLA):
3-6-3 Rule. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/3-6-3-rule/.
Chicago Manual of Style (CMS):
3-6-3 Rule. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/3-6-3-rule/ (accessed: April 20, 2024).
American Psychological Association (APA):
3-6-3 Rule. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/3-6-3-rule/

Definition Sources

Definitions for 3-6-3 Rule are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th November, 2021 | 0 Views.