Statistical Terms Glossary

Period during which an interest rate is fixed. At the end of the period the rate may be adjusted.

An interest rate is the cost or price of borrowing, or the gain from lending, normally expressed as an annual percentage amount

A limit on the amount of interest that can be levied on a variable rate loan. Proposed for IBRD.

Contracts on a financial futures exchange denominated in a particular deliverable short- or long-term financial instrument such as a three month certificate of deposit.

Derivatives whose value is linked to interest rates.

Risk due to difference in interest rates.

Use of different interest rates for different end uses or end users having essentially the same maturity, transaction costs and risk characteristics.

An interest rate swap involves an exchange of interest payments of different character (e.g., fixed rate and floating rate, two different floating rates, fixed rate in one currency and floating rate in another, etc.)

An interest rate swap contract involves an exchange of cash flows related to interest payments, or receipts, on a notional amount of principal, which is never exchanged, on one currency over a period of time; settlements are often made through net cash payments by one counterparty to the other

See Interest, short-term rates

Agreement whereby the frequency of interest payments is altered, usually from 3 or 6 month to 12 month interest periods.

Refers to any person or group who has a legitimate interest in the conservation and management of the resources being managed. This term is more encompassing than the term stakeholder. Generally speaking, the categories of interested parties will often be the same for many fisheries and should include contrasting interests: commercial/recreational, conservation/exploitation, artisanal/industrial, fisher/buyer-processor-trader as well as governments (local/State/national). The general public and the consumers could also be considered as interested parties in some circumstances.

An agreement to exchange floating rate payments for fixed-rate payments in the same currency

Interference is anything which alters, modifies, or disrupts a signal as it travels along a channel between a source and a receiver. The term typically refers to the addition of unwanted signals to a useful signal.

Intergenerational equity is the issue of sustainable development referring, within the environmental context, to fairness in the intertemporal distribution of the endowment with natural assets or of the rights to their exploitation

Intergenerational mobility is defined as the extent to which some key characteristics and outcomes of individuals differ from those of their parents.

Intergovernmental transfers are transfers of funds designated for education from one level of government to another. The restriction to funds earmarked for education is very important in order to avoid ambiguity about funding sources. General-purpose intergovernmental transfers are not included (e.g., revenue sharing grants, general fiscal equalisation grants, or distributions of shared taxes from a national government to provinces, states, or Länder), even where such transfers provide the funds that regional or local authorities draw on to finance education.