a rate that offers no protection
An interest rate that varies during the term of the loan. This rate can go both up and down, in line with movements in wholesale interest rates (usually the 90 day bank bill rate).
The rate of interest on a Bond or Note which varies according to a formula set forth in the security. Variable interest rates are most often tied to the prime rate of a particular lending institution, the Consumer Price Index, Federal Funds rates or other money market measurements.
A variable interest rate usually tied to an index.
an interest rate that is allowed to change during the term of a loan; usually pegged to that institution’s prime rate.
The interest rate on a mortgage loan prior to its being "locked" or guaranteed by the lender.
A rate of interest that can change over the lifetime of either a deposit or a loan.
The interest on a loan before it is guaranteed by a lender.
An interest rate that is not fixed over the term of a loan, bond or other fixed-income security but is allowed to vary according to the change in a specified index, such as the prime interest rate or the Treasury bill rate.
An interest rate on loans (including debt securities) that is modified regularly on the basis of an index which varies frequently according to market developments and conditions e.g. LIBOR and EURIBOR.