RupeeTimes' financial glossary  A-F |  G-O |  P-V |  W-Z |  1-9 |  Search by category |     Category: Definitions   Acceptance Letter Acquirer Additional cardholder Administrative Fee Advance EMI Affinity Card American Express Amortization Annual Fee Appraisal APR ATM Bad Credit Balance Transfer Bankruptcy Basis Point Borrower Broker Business Credit Card Call rate Capital Adequacy Ratio Card Issuer Cardholder Carpet area Cash Back Credit Card Cash Reserve Ratio Certificate of title Chargeback Chargeback Period Clear title Co-borrower Co-Branded Card Commitment Fee Common areas Contract Conveyancing Credit Appraisal Credit History Credit Limit Debt Default Depreciation Disbursement Disposable Income Documentation Down Payment Early Repayment Charge EMI Equity Establishment Charge Expired Card Fiscal Year Fixed interest rate Fixed rate Floating Rate Floor Limit Foreclosure Fraudulent Transaction Futures Floating Rate Floating rate or variable interest rate as it is also called doesn't remain fixed for the entire tenure of the loan. It varies according to the market conditions. Floating rate is based on a Prime Lending Rate(PLR) fixed by RBI. When RBI varies this Prime Lending Rate, floating rate will also vary.