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 ?
Everyone, from plasterers and electricians, to builders and floorers, are being asked to give their time and materials for free so that the new nursery can meet an end of March deadline.
The 10 occupations which have contracted most over the past three years are debt, rent and other cash collectors (down 52% to 20,000), TV, video and audio engineers (down 46% to 6,000), insurance underwriters (down 45% to 20,000), social and humanities scientists (down 42% to 10,000), waste disposal and environmental services managers (down 40% to 13,000), floorers and wall tilers (down 39% to 25,000), managers and proprietors in forestry and fishing (down 34% to 8,000), quarry workers and related operatives (down 38% to 9,000), rail construction and maintenance officers (down 32% to 9,000) and sheet metal workers (down 33% to 13,000).
uk) has everything you need to know about all the jobs on a building site, from bricklayers to architects, floorers to ceiling fixers.