Definitions for "Floating Rate Note"
Keywords:  frn, libor, coupon, reset, benchmark
a bond that pays a different coupon rate over time as interest rates change
A bond issue which pays a floating rate of interest, usually reset every 3 or 6 months.
A bond on which the coupon is refixed periodically according to some external market interest rate such as LIBOR.
Foreign banking market Forfaiting