Glossary

Amortisation	This is the term given to the process of paying back loans.
Annuity	This is just a series of equal cash payments made over a continuous period.
Basis Point	One hundredth of a percent (0.01%)
Bid Rate	The dealers buying rate
Compound Interest
Discount Factor
Discount Rate
Effective Rate
LIBID	London Interbank Bid Rate
LIBOR	London Interbank Offer Rate
Lombard Rate	This is the emergency lending rate against top quality securities (elible bills, bills of exchange or government banks). Usually as it is higher than money market rates, no limit to the Quantity need to set. At times however limits have been introduced for temporary periods of time because the lombard rate has been lower than money market rates.
Nominal Rate
Offer Rate	The dealers selling rate
Opportunity Cost
Rate	This refers to the interest rate and is usually expressed an an annual interest rate
Simple Interest
Time Value of Money