RATE COVENANT - See: COVENANT.
RATE LOCK AGREEMENT - An agreement whereby an issuer who anticipates issuing bonds at a future date can lock in a specified interest rate.
Rate covenant
A provision governing a municipal revenue project financed by a revenue bond issue, which establishes the rates to be charged users of the new facility.
Rate of exchange
See: Exchange Rate ...
rate covenant
A covenant in the financing proceedings requiring the charging of rates or fees for the use of specified facilities or operations at least sufficient to achieve a stated minimum coverage.
rate reset ...
rate covenant A covenant in a municipal revenue bond that specifies how it will be determined... rate lock A commitment by a lender guaranteeing a specified interest rate for a specified period of time. Also known as lock-in.
 See also: Rally, Arbitrage, Issuer, Order, Interest
  
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