Versions of s. 627.01(1), definition “interest rate benchmark”

interest rate benchmark means a rate that is determined from time to time by reference to an assessment of one or more underlying interests, is made available to the public, either free of charge or on payment, and is used for reference for determining the interest payable, or other sums that are due, under loan agreements or other financial contracts or instruments. (taux d’intérêt de référence)