Floater


 

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Floater

A bond whose interest rate varies with the interest rate of another debt instrument, e.g., a bond that has the interest rate of the Treasury bill +.25%.



Floater

Similar Matches

Personal article floater

Personal article floater

Insurance policy attachment designed to cover specified personal valuables.


Inverse floater

Inverse floater

A derivative instrument whose coupon rate is linked to the market rate of interest in an inverse relationship.




 
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