A Euro bond with a revisable rate. The revision period is generally 3 or 6 months.
Floating Rate Note. A bond on which the coupon is refixed periodically according to some external market interest rate such as LIBOR.
Floating rate note, see floating rate.
Floating Rate Note. A bond issue which pays a floating rate of interest, usually reset every 3 or 6 months.
Floating Rate Note. Bond where each interest payment is made at the current market levels, often by reference to LIBOR.
floating rate note. Medium term loan stock in a company which pays interest that varies according to money market conditions; FRNs can be medium or long term or perpetual.
Floating Rate Note. Eurobonds with a rate of interest that varies from coupon period to coupon period. The rate is usually established as a margin over LIBOR.
Floating Rate Note. bond which pays a floating rate of interest. The rate of interest payable on the bond will be reset at regular intervals, for example, each three months or six months.
Floating Rate Note. A fixed income security which has variable coupon rates, periodically changed according to the rise and fall of a certain interest rate index or a specific fixed income security which is used as a benchmark. Also known as a "floater".