€STER definition

€STER means the rate that reflects the wholesale euro unsecured overnight borrowing costs of euro area banks, available by 9.00 a. m. (CET) on each Business Day and published on the European Central Bank’s website.
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Examples of €STER in a sentence

  • Such deposit in cash shall accrue a daily interest that will be calculated as from the first day of the deposit in accordance with €STER (unfloored) less fifty (50) basis points.

  • The interest will be exclusively for the benefit of the Network User; Such deposit in cash shall accrue a daily interest that will be calculated as from the first day of the deposit in accordance with €STER (unfloored) less fifty (50) basis points.

Related to €STER

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  • Weed means any plant which grows where not wanted.

  • Seaplane means a fixed wing aircraft which is designed for taking off and landing on water and includes amphibians operated as seaplanes;

  • Loft means an intermediary floor on a residual space in a pitched roof; above normal floor level with a maximum height of 1.5 metres and which is constructed or adopted for storage purposes;

  • Façade means the principal front or fronts of a building.