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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
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
It can be observed that in all cases tested with a random knot diameter error, the effect on total value seems to be greater for the standard sawing patterns than for the floorboard sawing patterns applied to the smaller logs.
If this doesn't work, walk over the floorboards to find out where the movement is.
Hammer these into the board and joists, avoiding using the original nails holes, and finish the job by counter- sinking the floorboards using a punch.
A chipboard sheet is also brittle compared to the floorboard. If the sheet is slightly jammed into position, it will snap as you try to lift the sheet.
MUM-of-three Gena McColl plunged through her neighbour's ceiling - five months after warning the council her floorboards were rotten.
THE family of a young mum murdered by her ex-partner and then hidden under floorboards for three weeks say they hope he will be haunted forever by what he did.
al d t s 's t e r t me t r-he i di di t stra t ct d edW d ade A raised floorboard on the oche distracted Wade (above) as he blew a 4-2 lead.
IT's easy to put off the smaller DIY jobs such as fixing a creaking floorboard or sanding a scratch on the floor.
And it has retained many original features, including the original floorboards.
A MAN found with guns and ammunition under his floorboards has admitted four charges of having firearms without a licence.
QMY living room floor is made up of a chipboard section and original floorboards. The outline of the floorboards shows through the carpet.
Now that the carpet has flattened out, the shape of old floorboards can be seen through it on the original part.