Business, Legal & Accounting Glossary
A guarantee in some financial products which tracks market value daily and will lock in future returns at any new high mark. For example, if a note was purchased with a guaranteed 5% return but at a later date the value of the underlying commodity raises to the equivalent of a 7% return, the new rate is locked-in and the note will pay out the higher 7% return at maturity.
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This glossary post was last updated: 20th November, 2021 | 0 Views.