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variable coupon renewable note (VCR)

variable coupon renewable note (VCR) definition - business

variable coupon renewable note (VCR)

A renewable note on which interest is reset on a weekly basis according to a predetermined formula. A VCR continues to renew at quarterly intervals unless the owner directs the issuer to repay the principal.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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