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 ?
Before the prime minister took the floor Pakhtunkhwa Milli Awami Party (PkMAP) chief Mehmood Khan Achakzai, on a point of order, also criticised the judiciary for taking suo motu notices on every matter.
To pacify the angry young colleague, the parliamentary leader of JI, Inayatullah Khan took the floor and admitted the negligence of the department.
The Chief Minister Pervez Khattak, who was sitting in the House, took the floor and made it clear that they have talked to the donors to invest in Khyber Pakhtunkhwa and certainly with the investment the province will progress rather it would create any hardship for the people of KP.
Bogut received a huge ovation when he took the floor for the first time with 36 seconds left in the first quarter and another one seconds later when he picked up a foul with the kind of physical play the Cavs were planning to get from him.
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.
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 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.