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Definitions from the Web

Auction-Rate

Description:

Auction-Rate refers to a type of financial system in which the interest rate on a security is determined through regular auctions. These auctions give investors the opportunity to buy or sell certain types of securities, such as municipal bonds, at a variable interest rate that is reset periodically.

Senses:

Sense 1:

Noun: The system or process of determining interest rates on securities through auctions.

Example: The auction-rate for this bond will be determined next week.

Sense 2:

Adjective: Relating to or involving the auction-rate system or securities.

Example: The auction-rate bond was highly sought after by investors.

Sense 3:

Verb: To offer or sell securities through an auction-rate system.

Example: The government decided to auction-rate the municipal bonds.

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