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

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.

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.

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.

References in periodicals archive ?
While the price lists for the standard sawing patterns allowed board lengths from 1,800 to 5,400 mm in intervals of 300 mm, the price lists for the floorboard sawing patterns specified board lengths from 2,000 to 4,000 mm in intervals of 500 mm, thus reducing the number of trimming options to be evaluated by the trimming optimizer for the given logs by about 40 percent.
The law requires all bleachers to have no more than a four-inch gap in the floorboards or in guardrails, which are often climbed by children.
Then place the floorboard back down and screw it to the noggin using wood screws driven through the old nail hole.
If the end of the floorboard isn't resting on a joist, give it the support it needs by lifting up the board and screwing a 25mm x 50mm batten of wood to the side of the joist.
If the end of the floorboard isn't resting on a joist, give it the support it needs by lifting up the board and fixing a 25mm x 50mm batten to the side of the joist with long screws.
Local handyman still unconvinced Maude was in house but raises a couple of floorboards while I put tuna and water between joists.
If you feel like exposing your lovely old wooden floorboards, then it's possible to hire a sanding machine and do the job yourself.
The spare tire, normally stored in the trunk, had been moved to front passenger floorboard, Hahn said.
Officers noticed a loose floorboard and lifted it up to discover Nicole's body.
A Lift the boards and fix a batten called a noggin/dwang between the joist and under the noisy floorboard.
By MIKE WALTERS ADRIAN LEWIS blamed a creaking floorboard as another grudge match with James Wade boiled over into a "cheat" row.