FTB Fixed Rate definition
FTB Fixed Rate means, with respect to each Contract Period applicable to an FRT Loan, the annual fixed rate of interest offered by the Bank and accepted by the Borrower for the requested funds for a period of 30 days or such other period of time as the Borrower and the Bank agree to in the circumstances (but maturing not later than the final date for payment of the subject FRT Loan(s), in any event);