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 ?
Taking the floor, Tunis Bourse Director-General Mohamed Bichiou pointed out that this programme is based on a new generation of on-line teaching tools, to reinforce its promotional actions through a learning management system portal, that will offer various interactive tools.
Taking the floor on the sidelines of the third day works of the training session on transitional justice, the Moroccan expert highlighted that Tunisia will play a crucial role in matters of transitional justice, notably by supporting democratic transition.
Taking the floor, President of the Tunisian league for Human Rights Defence (LTDH) Abdessatar Ben Moussa asserted that "the co-ordination is the Maghrebi framework to promote the reality of human rights and disseminate their culture among the young generation.
Taking the floor at a working session held on Friday in Tunis, the Libyan Minister added that the number of Libyans who would be trained in Tunisia would amount to 5,000, reasserting Libya's commitment to support the upgrading operation of Tunisia's vocational training centres.
Taking the floor, on the occasion, the FM pointed out Tunisia's commitment to achieving the 17 sustainable development goals for the period 2015-2030, stressing that security, stability, justice, respect of human rights, rule of law and good governance as conditions to achieve these goals.
Taking the floor, rapporteur Kati Piri said the vote should be postponed for next month`s plenary in Strasbourg, since there were too many amendments and too little time.
Taking the floor of the provincial assembly on a point of order soon after recitation from Holy Quran, he said that on November 13, he had talked on the floor of the provincial assembly regarding target killing of PPP worker Fazal Hayat Chitan.