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Applicable Federal Rate
A term to know.
Short, mid and long-term rates prescribed by the IRS each month based on the yield to maturity of outstanding US marketable obligations of similar maturities during the one month period ending on the 14th day of the month preceding the month for which the rates are applicable.
Synonyms:
AFR, Applicable Federal Rates
Synonyms list
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AFR, Applicable Federal Rates