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They are the biggest users of variable rate debt, particularly on credit cards, various studies show.
Floating interest rate debt offers investors worried about inflation a place to comfortably brace themselves.
What variable rate debt they do have is usually at lower interest rates than lower income people.
The Treasury also announced yesterday that it would curtail, but not discontinue, its program of buying back higher-interest rate debt with 20 or more years to maturity.
One such shelter, Cards -- or custom adjustable rate debt structure -- had been blessed by opinion letters signed by Mr. Ruble, according to several lawsuits.
5. Prepare a glossary of economic terms used in the article, such as, interest rate, debt, inflation, stagflation and current account.
Similar(38)
The largest was auction-rate debt.
Fixed-rate debt would have cost 7.2 percent.
What about callable, convertible and floating-rate debt?
Borrowers that prefer the predictability of fixed-rate debt have to take on a swap.
Jefferson County issued two types of variable-rate debt, both of which blew up.
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