FRN


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FRN

Floating-Rate Note

A bond with a variable interest rate. These bonds typically have coupons renewable every three months and pay according to a set calculation. For example, a note may have an interest rate of "EURIBOR + 1%" and pay whatever the EURIBOR rate happens to be at the time plus 1%. Some FRNs have maximum and minimum interest rates, known as capped FRNs and floored FRNs, respectively. An FRN with both a maximum and a minimum interest rate is called a collared FRN. In the United States, government sponsored enterprises issue most FRNs while banks do the same in Europe. See also: Adjustable-rate mortgage.
References in periodicals archive ?
It added that the FRN will fight to improve wages, conditions, and ensure the rights of all fishermen in the industry are respected.
Given that FRN reflects motivational/affective evaluation and P300 reflects the allocation of attentional resources which modulates motivational salience, we postulated that the positive/negative FRN and P300 discrepancy of antiherding would be more pronounced than that of herding when observing the ROI.
By identifying and intervening in the early stages of treatment, FRN is able to support patients in achieving treatment plan goals.
The General Commandment of the National Guards wanted "to gather all informational material in order write a comprehensive report on the events that took place from June 26th to July 3rd in the territories of Bessarabia and Bukovina" (SANIC, Fund FRN, file no.
Cen Williams, speaking on behalf of his co-adjudicators Cyril Jones and Penri Roberts, said: "Y Frn has given careful thought to every word and clause throughout the sequence, and this poet's interpretation of the subject is totally different to everyone else.
Some of Markaz's headline liquidity ratios have deteriorated substantially given the lower financial investments holdings, but are likely to ease with the repayment of the FRN in just over a month's time.
The FRN, which matures on 4 January 2022, carries a coupon of 50 basis points over three-month Euribor.
Each bank or building society has a Firm Reference Number (FRN).
But that's the task facing Andrea Edwards as she gets to grips with playing a robot in the futuristic 3D production, Dividefaid, by theatre company Cwmni Frn Wen.
So, in 2008, when Foundations Recovery Network (FRN, Nashville, Tenn.) committed to improving "customer experience management" as a means of improving satisfaction, outcomes, revenues, and referrals, it was no surprise that Waggener, who now serves as FRN's CEO, was on board.
TRY denominated Government Bond (FRN), with quarterly floating coupons was auctioned with settlement date of April 21st, 2010 and maturity date of January 4th, 2017.
For more information, visit www.samhsa.gov, select "National Registry of Evidence-Based Programs and Practices FRN" under the "Quick Picks" heading.