On a floating rate instrument, the lowest the interest rate may go.
A contract whereby the seller agrees to pay the purchaser, in return for an upfront premium or a series of annuity payments, the difference between a reference rate and an agreed strike rate, should the strike rate exceed the reference rate. Commonly, the reference rate is three-month LIBOR, six-month LIBOR, five-year CMS or 10-year CMS.
On an ARM, the lowest the interest rate may go.
On a ARM, the lowest the interest rate may go.
a contract that guarantees a minimum level of Libor
an option that allows a floor purchaser to limit exposure to decreasing interest rates on its variable-rate investments
a series of European put options or "floorlets" on a specified reference rate , usually LIBOR
For an adjustable-rate mortgage (ARM), the minimum interest rate to which your loan can sink.
the minimum interest rate as specified in the mortgage note for an adjustable-rate mortgage (ARM).
For an adjustable-rate mortgage (ARM), the minimum interest rate, as specified in the mortgage note.
minimum interest rates for a variable rate security or a loan
An agreement which provides the buyer of the floor with a minimum interest rate for future lending requirements.
The lowest rate of interest chargeable under a Variable or Adjustable Rate Mortgage, as set out in the mortgage contract.
The lowest interest rate possible under an ARM contract.
The minimum interest rate for an ARM loan.
An interest rate agreement in which payments are made when the reference rate falls below the strike rate.
The rate floor is the lowest interest rate possible under an ARM loan.
The minimum interest rate a lender will charge for an adjustable rate mortgage (as specified in the mortgage note).
The rate of interest in effect for the monthly payment due.
The predetermined minimum interest rate in an adjustable rate mortgage.
A derivative instrument which is linked to interest rates.
