TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

automatic resetting mechanism [1 record]

Record 1 1997-11-17

English

Subject field(s)
  • Loans
DEF

In an IFC fixed rate loan, an option under which the interest rate would be reset every five years, based on current interest rates. As a result, the initial loan rate would be around 1 % less than the normal fixed term rate.

French

Domaine(s)
  • Prêts et emprunts
OBS

des taux d'intérêt.

Spanish

Campo(s) temático(s)
  • Préstamos
OBS

del tipo de interés.

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