Search for a term:

floater


Definition
A fixed income instrument which has a coupon rate or interest rate that varies based on a short term rate index. A floater is generally advantageous when interest rates are rising. also called fairway bond, range accrual note, corridor bond, or index range note. opposite of inverse floater.

Related Terms

floating securities -  More

personal article floater -  More

Related Personal Finance Articles

Loading...

floater in the news

Loading...

floater is ...

... part of the Bonds subject.

Search volume for floater

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z