variable rate note
1variable-rate note — VRN A bond, usually with a fixed maturity, in which the interest coupon is adjusted at regular intervals to reflect the prevailing market rate (usually a margin over the London Inter Bank Offered Rate). A VRN differs from a floating rate note in… …
2variable-rate note — VRN A bond, usually with a fixed maturity, in which the interest coupon is adjusted at regular intervals to reflect the prevailing market rate (usually a margin over the London Inter Bank Offered Rate). A VRN differs from a floating rate note in… …
3floating-rate note — FRN A eurobond with a floating rate interest, usually based on the London Inter Bank Offered Rate. They first appeared in the 1970s and are usually issued as negotiable bearer bonds. A perpetual FRN has no redemption. A capped FRN is one with a… …
4Variable-rate mortgage — A variable rate mortgage or floating rate mortgage is a mortgage loan where the interest rate varies to reflect market conditions. The interest rate will normally vary with changes to the base rate of the central bank and reflects changing costs… …
5Variable Rate Demand Note - VRDN — A debt instrument that represents borrowed funds that are payable on demand and accrue interest based on a prevailing money market rate, such as the prime rate. The interest rate applicable to the borrowed funds is specified from the outset of… …
6Floating rate note — Floating rate notes (FRNs) are bonds that have a variable coupon, equal to a money market reference rate, like LIBOR or federal funds rate, plus a spread. The spread is a rate that remains constant. Almost all FRNs have quarterly coupons, i.e.… …
7variable-rate demand note — A note that is payable on demand and bears interest tied to a money market rate. Bloomberg Financial Dictionary …
8Inverse floating rate note — A variable rate security whose coupon rate increases as a benchmark interest rate declines. The New York Times Financial Glossary …
9inverse floating-rate note — A variable rate security whose coupon rate increases as a benchmark interest rate declines. Bloomberg Financial Dictionary …
10note — 1 n 1 a: a written promise to pay a debt; specif: promissory note in this entry bank note: a promissory note issued by a bank payable to bearer on demand but without interest and circulating as money cog·no·vit note /käg nō vit , kōg /: a note in …
