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Floating rate note (FRN) |
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Floating rate note (FRN)Note whose interest payment varies with short-term interest rates.Floating rate note (FRN) Similar MatchesFloating debtFloating debtShort-term debt that is renewed and refinanced constantly to fund capital needs of a firm or institution. Floating supplyFloating supplyThe aggregate of securities believed to be available for immediate purchase, that is, in the hands of dealers and investors wanting to sell. Receive floating counterpartyReceive floating counterpartyThe transaction in an interest rate swap who receives payments based on the floating rate and makes payments based on the fixed rate. Floating exchange rate systemFloating exchange rate systemPurchase or sale of the currencies of other nations by a central bank for the purpose of influencing foreign exchange rates or maintaining orderly foreign exchange markets. Also called foreign-exchange market intervention. Floating rate preferredFloating rate preferredPreferred stock paying dividends that vary with short-term interest rates. Further SuggestionsFixed for floating swapFloating exchange rate Inverse floating rate note Freely floating exchange rate system |
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