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From Longman Business Dictionaryteaser rateˈteaser rateBANKINGFINANCE a low interest rate charged at the beginning of a loan to encourage people to borrow moneyAlthough thrifts offer initial teaser rates on adjustable mortgages that are lower than the current fixed rates, many consumers seem to prefer the security of a fixed rate. → rate
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May 09, 2025

pencil
noun ˈpensl
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