Whereas things like emergency travel funds were considered professional sports payments five or 10 years ago, they aren’t now, Noll said. “Whatever doesn’t violate NCAA rules – that’s the definition.
Index Plus Margin To apply an index on a rate plus margin basis means that the interest rate will equal the underlying index plus a margin. The margin is specified in the note and remains fixed over the life of the loan. For example, a mortgage interest rate may be specified in the note as being LIBOR plus 2%, 2% being the margin and LIBOR being the index.