Eventually as the financial world evolved and products became complex the rate was used for a much wider universe of products in order to have a more standardized benchmark.
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In addition to the above mentioned benefits, founders avoid complex interest-rate arrangements that come with convertible debt.
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The world is becoming increasingly complex, and the rate of change is only accelerating.
The administrator Deloitte said they were charging "the accepted rate for a complex administration".
Like the mortgage market, the municipal bond market has morphed into its own new era of highflying finance, adjustable-rate loans and complex securities.
Barclays has also been caught up in another investigation, relating to the mis-selling of complex financial products - interest rate swaps - to small businesses.
They would not claim the ability to set the right price for an automobile, but they somehow believe that they can establish the proper interest rate for a highly complex economy in a globally integrated environment.
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The bank, along with most of the other major UK High Street lenders, has also been found culpable in recent years of mis-selling unnecessary payment protection insurance to mortgage borrowers, and overly complex, over-priced interest rate and currency hedges to small businesses.
The Association of School and College Leaders has warned that confusion over its complex structure and a low take-up rate could doom the qualification to second-class status.
This is one of the merits in such an all-inorganic system while some conventional systems cannot follow the light power in general because of their internal or external rate-limiting processes in the complex structures.
"It is pure science fiction to say we can change the rate of aging in an organism as complex as ours, " argues Thomas Perls, a geriatrician at Boston University Medical Center who studies centenarians.
The Liberal Democrats also want to reduce the corporate-tax rate, paying for it by removing "complex reliefs".
He introduced a sliding scale that made capital-gains tax highly complex, and then reversed himself, introducing a single rate of 18%.
One driving factor is that children born in the past with complex heart defects "didn't survive at nearly the rate that they do now, " said Jared O'Leary, a researcher at Harvard-affiliated Brigham and Women's Hospital and Boston Children's Hospital.
The only thing I would have liked to see a bit more (although it may be a bit too complex for this post) was a more detailed example of what rate of return you would have to earn to make paying down your mortgage worthwhile vs. investing the funds.
But it was also complex to develop and it became obvious that, although ICT was developing at a tremendous rate, the curriculum was "dragging its heels - it simply could not keep up".
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In the domain of derivative contracts like credit default swaps or auction-rate preferreds (which even George Soros didn't know existed) or complex collateralized debt obligations of mortgage-backed bonds, there was a "failure to know what isn't known, " and the ramifications for not knowing were huge.
In contrast, Universal Orlando is a pedestrian-friendly and intimate complex with two excellent theme parks (Universal Studios and Islands of Adventure), three first-rate resorts, and a carnival-like restaurant and nightlife district (CityWalk) connected by lovely gardened paths or a quiet wooden-boat shuttle.
Complex fusions, the procedure studied in the JAMA paper, are reimbursed by Medicare at a sharply higher rate than decompressions, to account for the elaborate spinal devices used and the longer length of surgery.
The premise that impact investors can earn market rate returns (whatever that means these days) is fundamentally flawed: social entrepreneurs operate in much more complex environments with poor or nonexistent infrastructure.
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Morgan can do complex calculations that were prohibitively expensive and time-consuming, such as running a trade through scenarios for both interest rate fluctuation and market volatility, rather than looking at just one variable at a time.
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