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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.
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. 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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| 5-million burning unit, which allows them to incinerate sawdust and floor sweepings. Some recyclers have ended up using floor sweepings leftover from the processing operations as a mixed paper grade. Clark's work, tilted Blast from the Past, 1972-73, consists of a vitrine containing a photographic fragment of a small pile of trash measured by a ruler, a reconstruction of the floor sweepings on the neutral white bottom of the display case, and these handwritten instructions: "Puzzle kit. |
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