An acronym standing for "short-term interest rate" options or futures contract.
Investopedia Says:
Many companies and financial institutions use STIR contracts to hedge against borrowing or lending exposure.
Related Links:
An introduction to the world of options, covering everything from primary concepts to how options work and why you might use them. Options Basics Tutorial
Learn how investors use strategies to reduce the impact of negative events on investments. A Beginner's Guide To Hedging
For those who are new to futures but want a solid understanding of them, this tutorial explains what futures contracts are, how they work and why investors use them. Futures Fundamentals
