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• The loss of cash resulting from a swap into higher price bonds or the need/willingness of a bank or other borrower to pay a higher rate of interest to get funds.

• (1) The loss of cash resulting from a swap into higher-price bonds. (2) The need (or willingness) of a bank or other borrower to pay a higher rate to get funds.

 
 Embedded terms in definition
 Cash
Interest
Rate of interest
Swap
 
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