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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 ?
Richard Gordon took the floor last Wednesday and railed against the looming return of a Senate witness who earlier testified that the so-called Davao Death Squad (DDS) did not exist.
Mohammad Ali, a JI MPA from Dir Upper took the floor on an adjournment motion against the non-completion of a bridge destroyed in the flood of 2010 in Pathrak (Maidan).
After the reading of the subjects to be dealt with in the meeting, the Minister took the floor, who in the first place transmitted to those present the congratulations of the President of the Republic, H.
The Vanguard teams took the floor hovering around .
After the recitation of Holy Quran, the proceedings of National Assembly started and the Chair asked to take up the question hour business as per routine but the Opposition Leader Syed Khursheed Shah took the floor and spoke about the verdict of apex court about panama papers case.
Richard Gordon took the floor on Wednesday and insisted that the Senate should not be the venue for someone who had apparently lied to senators.
After Aitzaz Ahsan's speech Chaudhry Nisar Ali took the floor to present his point of view over the controversy but the session was adjourned by the Speaker till Monday after the prayers call.
When they took the floor Thursday at Quartz Hill, Jones reminded his young team that the top of the Golden League is still Highland's personal domain.
Ahmad Ghani presented the bill for consideration stage, the Leader of Opposition, Maulana Lutf-ur-Rehman took the floor and requested the chair to refer the bill to the select committee of the house, so detailed deliberations will be held on it.
Before the press conference, Santiago took the floor to deliver a privilege speech where she questioned the existence of the pork barrel funds in the proposed 2015 national budget and the new definition of savings, which she said was unconstitutional.
When Chapman took the floor, he left the goggles on the press table.