The value of output less the value of intermediate consumption. The gross value added at basic prices is defined in the ESA 2010 as the output valued at basic prices less intermediate consumption valued at purchaser prices, before deduction of consumption of fixed capital.
variable rate bonds
Debt securities whose nominal coupon payments are linked to an interest rate or some other index.
variable rate tender
A tender procedure whereby the counterparties bid both the amount of money they want to transact with the central bank and the interest rate at which they want to enter into the transaction. See also