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Interest Rate Floor |
Also found in: Wikipedia | 0.02 sec. |
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Interest rate floor An interest rate agreement in which payments are made when the reference rate falls below the strike rate. Related: Interest rate cap. Interest Rate Floor The lowest interest rate possible under an ARM contract. Floors are less common than ceilings. See Adjustable Rate Mortgage (ARM)/How the Interest Rate on an ARM Is Determined. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Other components of non-interest income increased $23 thousand in the aggregate from a variety of sources including the Corporation's insurance and title insurance activities, along with a mark-to-market adjustment on an interest rate floor contract. This decrease was due to gains recorded on the sale of owned real estate, an increase in the market value of an interest rate floor product, and recoveries of prior year check losses. 84 million last year, primarily due to 2006 losses on the Bank's interest rate floor, a decline in international fee income and a 2005 gain on a sale of other real estate. |
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