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  2. Discounts and allowances - Wikipedia

    en.wikipedia.org/wiki/Discounts_and_allowances

    Trade discount is the discount allowed on retail price of a product or something. for e.g. Retail price of a cream is 25 and trade discount is 2% on 25. Trade rate discount . A trade rate discount, sometimes also called "trade discount", is offered by a seller to a buyer for purposes of trade or reselling, rather than to an end user.

  3. Discount window - Wikipedia

    en.wikipedia.org/wiki/Discount_window

    The discount rate was cut by 50 bp—to 5.75% from 6.25%—and the term of loans was extended from overnight to up to thirty days. That reduced the spread of the primary credit rate over the federal funds rate from 100 basis points to 50 basis points.

  4. ITT Inc. - Wikipedia

    en.wikipedia.org/wiki/ITT_Inc.

    When ITT attempted to acquire The Hartford insurance company in 1970, the US Justice Department filed suit, and ITT agreed to divest assets equal to those of Hartford's, including Avis. [19] ITT's sales grew from about $700 million in 1960 to about $8 billion in 1970, and its profit from $29 million to $550 million.

  5. Savings interest rates today: Protect your hard-earned money ...

    www.aol.com/finance/savings-interest-rates-today...

    At the conclusion of its third rate-setting policy meeting of the year on May 1, 2024, the Federal Reserve left the federal funds target interest rate at a 23-year high of 5.25% to 5.50%, marking ...

  6. Interest rate cap and floor - Wikipedia

    en.wikipedia.org/wiki/Interest_rate_cap_and_floor

    In finance, an interest rate cap is a type of interest rate derivative in which the buyer receives payments at the end of each period in which the interest rate exceeds the agreed strike price. An example of a cap would be an agreement to receive a payment for each month the LIBOR rate exceeds 2.5%. Similarly, an interest rate floor is a ...

  7. High-yield savings account vs. CD: What to know when rates ...

    www.aol.com/finance/high-yield-savings-account...

    The Federal Reserve decided for the sixth straight time to hold the benchmark interest rate unchanged at a 23-year high of 5.25% to 5.50% at its last rate-setting meeting on May 1, keeping APYs on ...

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