A higher periodic rate charged for a shorter term than what was originally contracted for; the increased rate charged by an insurance company upon early cancellation of a policy.
Related information about short rate:
- Short rate - Wikipedia, the free encyclopedia
Short rate may refer to: Short rate (old short rate) cancellation (insurance) Penalty method of calculating return premium of an insurance policy; Short rate (90% ...
- Short-rate model - Wikipedia, the free encyclopedia
In the context of interest rate derivatives, a short-rate model is a mathematical model that describes the future evolution of interest rates by describing the future ...
- short-rate cancellation - Insurance Glossary
short-rate cancellation - A financial penalty incurred when the insured cancels an insurance contract prior to the expiration date of the contract.
- What is short rate? definition and meaning
Definition of short rate: A higher periodic rate charged for a shorter term than what was originally contracted for; the increased rate charged by an insurance ...
- Short Rate - Dictionary Definition of Short Rate
Definition: The short rate is an abbreviation for 'short term interest rate'; that is, the interest rate charged (usually in some particular market) for short term loans.
- 5. Short rate models
5. Short rate models. Andrew Lesniewski. March 3, 2008. Contents. 1 Term structure modeling. 1. 2 Vasicek's model and its descendants. 2. 2.1 Modeling mean ...
- What is short rate cancellation? definition and meaning
Definition of short rate cancellation: A type of cancellation wherein the insured is not refunded in proportion to the amount of coverage days left in the policy's ...
- Continuous-Time Short Rate Models
Multi-factor short-rate models have to some extent been superseded by market ... Let us assume that the P-dynamics of the short rate are given by the SDE ...