floating-rate note

0.07 sec.

Floating-rate note (FRN)

Note whose interest payment varies with short-term interest rates.

floating-rate note

An unsecured debt issue with an interest rate that is reset at specified intervals (usually every six months) according to a predetermined formula. Floating-rate notes usually can be redeemed at face value on certain dates at the holder's option. Floating-rate notes pay short-term interest and generally sell in the secondary market at nearly par value. Floating-rate notes are indicated in bond transaction tables in newspapers by the symbol t. Also called floater, variable-rate note. See also convertible floating-rate note, droplock bond, variable-rate demand obligation, yield curve note.

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Cap
convertible floating-rate note
Drop lock
floater
FRN
inverse floater
Inverse floating-rate note

Mismatch bond
Receive floating counterparty
Reset frequency
Term loan
Variable rated demand bond
variable-rate note
yield curve note

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Fitch Rates Crystal River Resecuritization 2006-1 by Business Wire

480,000,000 class AAA Class A-1 First Priority Senior Floating-Rate Notes Due April 2047 'AAA';

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