floating-rate
81profit rate swap — United Kingdom Is similar to a conventional interest rate swap, under which the parties agree to exchange periodic fixed and floating rate payments by reference to a pre agreed notional amount. The profit rate swap seeks to achieve Sharia… …
82Interest Rate Floor — An over the counter investment instrument that protects the floor buyer from losses resulting from a decrease in interest rates. The floor seller compensates the buyer with a payoff when the reference interest rate falls below the floor s strike… …
83Variable Rate Demand Bond — A bond with floating coupon payments that are adjusted at specific intervals. The bond is payable to the bondholder upon demand following an interest rate change. Generally, the current money market rate is what is used to set the interest rate,… …
84Adjustable-rate mortgage — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… …
85cross-currency interest-rate swap — A swap of two different interest rates in two different currencies. This usually involves swapping a fixed rate for a floating rate (or vice versa); if both rates are floating it is known as a basis swap See currency swap; interest rate swap …
86fixed-for-floating — Denoting an interest rate swap or cross currency interest rate swap in which one party pays a fixed rate, while the other pays a floating rate …
87Variable-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… …
88Auction rate security — An auction rate security (ARS) typically refers to a debt instrument (corporate or municipal bonds) with a long term nominal maturity for which the interest rate is regularly reset through a dutch auction. It could also refer to a preferred stock …
89London Interbank Offered Rate — The London Interbank Offered Rate (or LIBOR, pronEng|ˈlaɪbɔr) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market (or interbank market). LIBOR will …
90Reference rate — A reference rate is a rate that determines pay offs in a financial contract and that is outside the control of the parties to the contract. It is often some form of LIBOR rate, but it can take many forms, such as a consumer price index, a house… …
