Floating-Rate Note financial definition of Floating-Rate Note. Floating-Rate Note finance term by the Free Online Dictionary.

Floating-rate note (FRN)

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

Floating-Rate Note

A bond with a variable interest rate. These bonds typically have coupons renewable every three months and pay according to a set calculation. For example, a note may have an interest rate of "EURIBOR + 1%" and pay whatever the EURIBOR rate happens to be at the time plus 1%. Some FRNs have maximum and minimum interest rates, known as capped FRNs and floored FRNs, respectively. An FRN with both a maximum and a minimum interest rate is called a collared FRN. In the United States, government sponsored enterprises issue most FRNs while banks do the same in Europe. See also: Adjustable-rate mortgage.

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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bond Bono a tasa flotante cap Capped Floating Rate Note Convertible Floating-Rate note Drop lock Floater FRN Inverse Floater Inverse Floating-Rate Note Mismatch bond Receive Floating Counterparty Reset Frequency term loan Titulo a tasa flotante Titulo a tasa flotante con tope maximo de interes Variable Rated Demand Bond Variable-Rate Note Yield Curve Note	Federal Student Loan Asset-Backed Floating-Rate Notes, Series 2008-1, available to all investors on Fitch's corporate site, www. Fitch Rates Access Group Series 2008-1 by Business Wire Morgan Stanley Managed ACES SPC series 2006-8 -- US$20,000,000 class IA secured floating-rate notes affirmed at 'AAA' on Rating Watch Negative. Fitch Places 26 Classes from 3 Fortuna Managed Synthetic CDO Deals on ... by Business Wire PRICOA Global Funding I --$500 million floating-rate notes due Jan. Fitch Affirms Ratings of Prudential Financial & Subs; Outlook Stable by Business Wire	flight to quality flip Flip Side Flip-Flop Note Flip-Over Pill Flipper Flipping float Float an Issue Float-Down Floater Floater Insurance Floating an Issue Floating Currency Floating Debt Floating Exchange Rate Floating Exchange Rate System floating lien floating rate Floating Securities Floating Security Floating Shares Floating Supply floating zone Floating-Rate Contract Floating-Rate Note Floating-Rate Payer Floating-Rate Preferred Floating-Rate Preferred Stock flood insurance flood insurance rate maps flood plain flood-prone area floor floor area ratio Floor Broker floor duty Floor Give-Up floor joists floor load floor loan Floor Official Floor Picture floor plan Floor planning floor ticket Floor Trader Floorless Convertible Florin Flotacion controlada Flotation	floating-point notation floating-point notation floating-point number floating-point number floating-point operation floating-point operation Floating-Point Operations Per Second floating-point package Floating-Point Processor Floating-Point Register Floating-Point Register File floating-point representation floating-point representation system floating-point routine Floating-Point Software Package Floating-Point SPECbaserate Floating-Point SPECbaseratio Floating-Point SPECrate Floating-Point SPECratio floating-point system Floating-Point to Fixed-Point Conversion Floating-point unit Floating-rate bond Floating-rate bond Floating-Rate Bonds Floating-Rate Bonds Floating-Rate Certificate of Deposit Floating-rate contract Floating-Rate Contracts Floating-Rate Note Floating-Rate Notes Floating-Rate Notes Floating-rate payer Floating-Rate Payers Floating-rate preferred floating-rate preferred stock Floating-Rate Preferred Stocks Floating-Rate Receiver Floating-Rate Receivers Floating-Rate Securities Floating-Rate Securities Floating-Rate Security Floating-Rate Security Floatingly floatless level control floatoblast Floaton Floaton floatplane floatplane floatplane Floatplanes Floatplanes Floatplanes floats floats floats floats floats floats

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bond
Bono a tasa flotante
cap
Capped Floating Rate Note
Convertible Floating-Rate note
Drop lock
Floater
FRN
Inverse Floater
Inverse Floating-Rate Note
Mismatch bond
Receive Floating Counterparty
Reset Frequency
term loan
Titulo a tasa flotante
Titulo a tasa flotante con tope maximo de interes
Variable Rated Demand Bond
Variable-Rate Note
Yield Curve Note

Federal Student Loan Asset-Backed Floating-Rate Notes, Series 2008-1, available to all investors on Fitch's corporate site, www.

Fitch Rates Access Group Series 2008-1 by Business Wire

Morgan Stanley Managed ACES SPC series 2006-8 -- US$20,000,000 class IA secured floating-rate notes affirmed at 'AAA' on Rating Watch Negative.

Fitch Places 26 Classes from 3 Fortuna Managed Synthetic CDO Deals on ... by Business Wire

PRICOA Global Funding I --$500 million floating-rate notes due Jan.

Fitch Affirms Ratings of Prudential Financial & Subs; Outlook Stable by Business Wire

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