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forward interest rate
for·ward in·ter·est rate (plural for·ward in·ter·est rates)


noun 
Definition:
 
finance interest fixed for a future loan: the fixed interest rate that will be associated with a loan to be made at a future date
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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