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
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 ?
Taking the floor, the Parliamentary Secretary Advisor to Chief Minster alleged that federal government was not releasing share of Khyber Pakhtunkhwa therefore they have to face problems.
Taking the floor of the National Assembly at the outset, he thanked the speaker for issuing his production order whilst rising above the party politics.
Taking the floor, representative of the Islamic Development Bank (IsDB) Hedi Nahoui underlined that empowerment is a condition and a means to combat poverty, a theme on which the IsDB is working, specifying that the highest poverty rate is recorded in Islamic countries.
Taking the floor, Leader of the Opposition Syed Khurshid Shah said that the budget is meant for the betterment of the masses and contribution of opposition in its passage is important.
Taking the floor, Estrada fired at the media, saying it has been selective in its reporting of the "pork barrel" scam.
Taking the floor, UNFT President Radhia Jerbi highlighted the economic violence against female journalists, referring, in particular, to gender wage discrimination.
Taking the floor to add a point, Minister for Law and Justice Zahid Hamid said that the JIT was formed by the Supreme Court and is being monitored so there is no question of government influence during the investigation process.
Taking the floor, Secretary of State to Digital Economy Habib Dabbabi laid emphasis on the importance of computer security as it is the backbone of digital economy.
Taking the floor of the house, the parliamentary leader of ANP, Sardar Hussain Babak condemned the incident and said that media plays crucial role in the development of the country and is medium for reaching the voice of the people to the corridors of powers.
Taking the floor as part of closing the project, the official said that the objective sought is to improve the opportunities of women's participation in rural sphere groups.