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, Minister of Agriculture, Water Resources and Fisheries Samir Taieb reminded that the agricultural sector employs 611,000 people, 39% women (61% men).
Taking the floor, Monday, on the sidelines of the 71st session of the UN General Assembly in New York and the UN Summit for Refugees and Migrants, he added that Tunisia is working to devise a national strategy to promote organised migration and to involve Tunisian emigrants in economic and social development, according to a Foreign Ministry press release Wednesday.
Taking the floor on a point of order, the parliamentary leader of ANP, Sardar Hussain Babak criticized the government for promulgation of ordinance in the presence of the PA.
Taking the floor during a press conference, ISIE President Chafik Sarsar said that the lists include 13,122 voters of 12 categories, adding that objections on these lists will be received by ISIE from June 20 till August 1 and that filing for applications to change voting centres was extended to October 3, 2016.
Taking the floor during the meeting, the Pakistani diplomat reviewed the economic activity fields in his country, voicing wish that trade exchanges between the two countries will be reinforced.
Taking the floor Opposition Leader, Mulana Lutfur Rehman said that allocated Zakat funds should be distributed on equality basis at constituency's level.
Taking the floor MPA Arbab Akbar Hayat Khan said that our educational system was very bad and there were three girls school in his constituency, which were not functional due non availability of facilities.
Taking the floor during a working session held, Thursday at the House of People's Representatives (HPR), Vaz asserted his country's will to keep on supporting Tunisia and reinforce bilateral co-operation, notably, in fields of health, employment, education and entry visas to the UK for Tunisian students.