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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 MatchesReceive 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 exchange rateFloating exchange rateA regime in which a country's exchange rate is allowed to fluctuate freely and be determined without intervention in the exchange market by the government or central bank. Inverse floating rate noteInverse floating rate noteA variable-rate security whose coupon rate increases as a benchmark interest rate declines. Floating debtFloating debtShort-term debt that is renewed and refinanced constantly to fund capital needs of a firm or institution. Further SuggestionsFloating rate preferredFixed for floating swap Freely floating exchange rate system Floating supply |
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