Helpful A-Z glossary listing key Lloyds Banking Group terms and their definition

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Master netting agreement

An agreement between two counterparties that have multiple derivative contracts with each other that provides for the net settlement of all contracts through a single payment, in a single currency, in the event of default on, or termination of, any one contract.

Medium Term Notes

Medium term notes are a form of corporate borrowing covering maturity periods ranging from nine months to 30 years.