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Fixed Interest Rate: An interest rate that is the same throughout the life of a loan.

Occupancy Rate: The normal amount of rooms that are expected to be occupied at specific times of the year.

Open Interest: The net amount of outstanding open positions, either long or short, in a given futures or options contract.

ntegrated Receiver Decoder (IRD): Satellite TV system receiver with a built-in decoder for unscrambling subscription channels. It is usually called a satellite receiver.

Nonrated: A bond that has not been rated by a large rating agency, usually because the issue is too small.

Noninterest-Bearing Note: A note without periodic interest payment, but selling at a discount and maturing at face value. See: Zero-coupon bond.

Open Rate: The number of HTML message recipients who opened your email, usually as a percentage of the total number of emails sent. The open rate is considered a key metric for judging an email campaig . . . View Full Definition

Not Rated: A rating service indicator, neither positive nor negative, showing that a security or company has not been rated.

Operating Rate: The percentage of total production capacity of a company, industry, or country that is being used.

Pac-Man Strategy: Takeover defense strategy in which the prospective acquiree retaliates against the acquirer's tender offer by launching its own tender offer for the other firm.