Catlin 
The merchant discount rate (MDR) is the fee charged to a merchant by a bank for accepting payments by credit or debit card. MDR is typically a percentage of the transaction value, and varies depending on the type of card used, with premium cards such as American Express generally attracting higher rates than standard Visa … Read more
The Mumbai Interbank Forward Offer Rate (MIFOR) is the rate at which banks offer to lend funds to one another in the forward market in Mumbai. This rate is used as a benchmark for pricing forward contracts in a number of currencies. What is meant by interbank? The interbank market is the global network of … Read more
A lease option is an agreement between a tenant and a landlord that gives the tenant the right to purchase the property at a set price during the term of the lease. The tenant pays the landlord a non-refundable option fee and a monthly premium in addition to the rent. The option fee and premium … Read more
