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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 ?
Offering great value for money, Rhino floor and Leoline cushion flooring are the easy, affordable solution for kitchens and bathrooms and Carpet Design & Flooring has some of the best deals around.
So be it a vintage makeover for your home, or to add splendor and comfort to your poolside or to transform your office corner into a space of serenity, choose Ego Wooden Floorings and experience the benefits of nature's therapy.
4 -- color) Bamboo flooring, such as this kind sold by Teragren LLC, costs less than other woods of the same thickness, and its natural look brings a bit of the outdoors into any room.
Offering great value for money, Rhino Floor and Leoline Cushion Flooring are the easy, affordable solution for kitchens and and bathrooms and Carpet Design and Flooring has some of the best deals around.
FSC certified or reclaimed wood, bamboo, cork, and other natural flooring alternatives provide consumers today with a choice to tread lightly on our environment.
Cork: Although many people think of cork as something that comes in wine bottles, cork has been used as flooring for generations, and is one of the most sustainable new-flooring options available.
How is an owner or designer to use coefficient-of-friction data for responsible decision making when specifying flooring, interior design and planning options?
So what is the right surface for your school's needs - maple flooring or a synthetic surface?
A Hutchinson (Floor And Wall Supplies) Ltd Central Flooring Ltd
Today," says Swartz, "there are many options, such as foam-backed flooring in different colors, widths, densities, and thicknesses.
Unless you have expertise in flooring, however, you may not realize that rather than a traditional hardwood floor, they've installed a laminate - a look-alike feel-alike wood floor that costs significantly less than the true hardwood variety.
This new system for restoring worn wood flooring without sanding was developed specifically for do-it-yourselfers, which represents approximately 50% of the floor refinishing market.