Financial

floor

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Floor

The area of a stock exchange where active trading occurs. Also the price at which a stop order is activated (when the price drops low enough to activate such an order). In context of interest rates, a level which an interest rate or currency is structured not to go below. In context of OTC interest rate options, a series of interest rate put options, where the buyer of the floor guarantees a minimum interest income
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Floor

1. See: Exchange floor.

2. The lowest price or some other limit that can occur. For example, in an adjustable-rate mortgage, the lender will often specify a floor for the interest rate, which means that even though the interest rate on the mortgage changes from time to time, it will never drop below the specified floor. These exist to protect one or both parties to a contract or investment. See also: Ceiling, Collar.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

floor

The area of an organized exchange where securities are traded. Customer orders are transferred to the floor, where they are executed by members of the exchange.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

floor

Other than the obvious, refers to the bottom of something. Variable-rate mortgages may provide a minimum interest rate,called a floor,even if the rate would otherwise be less if the index dropped. Percentage leases with rent partially based on gross revenues might have a minimal amount,or floor payment.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
Mentioned in
References in classic literature
Beside the opening in the floor, just behind the altar, through which he had entered the court from the subterranean chamber below, the Belgian discovered several doors leading from the enclosure upon the level of the floor.
They blocked the way; they seized him, and though he fell, groveling upon his knees before them, begging for his life, they bound him and hurled him to the floor of the inner temple.
Jav was shrieking still, and clawing at the royal couch that had already commenced to slide toward the centre of the room, where both Thuvia and Carthoris suddenly noted a small orifice which grew in diameter as the floor assumed more closely a funnel-like contour.
And then the visitors were taken to the other parts of the building, to see what became of each particle of the waste material that had vanished through the floor; and to the pickling rooms, and the salting rooms, the canning rooms, and the packing rooms, where choice meat was prepared for shipping in refrigerator cars, destined to be eaten in all the four corners of civilization.
At sight of the two struggling upon the floor the newcomer raised his voice in a shriek of rage.
The protruding tongue and the popping eyes proclaimed that the end was near and a moment later the red robe sank to the floor of the room, the curved blade slipping from nerveless fingers.
How long he sat thus he did not know; but finally he was aroused by a noise coming from the floor below.
Presently he resumed pacing to and fro across the floor, and it was fully fifteen minutes before he again noticed the prisoner, and then it was to issue a curt order to her guards, who immediately conducted her from the apartment.
Even when he had his hand on the key, ready to turn it in the lock in case of necessity, he still looked back at the appalling object on the floor. There was no possibility of identifying those decayed and distorted features with any living creature whom he had seen-- and, yet, he was conscious of feeling a vague and awful doubt which shook him to the soul.
Here is my sword at your feet," and drawing his weapon I-Gos cast it to the floor in front of Gahan.
The human quality of his voice had startled the gutter-cat, causing her to forgo her spring as she flattened down her ears and bellied closer to the floor.
Blood stood upon bruises on his knotty fore-arms where they had scraped against the floor or the walls in the scuffle.
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