It stands for floating-rate note; a medium to long-term debt obligation (note) that has its coupon rate linked to some…

A capped floating rate note that is associated with a deferred cap. In other words, it comes with a maximum...

A capped floating rate note (capped FRN) that is associated with a deferred cap. In other words, it comes with...

A floating-rate note (FRN) in which coupon rates (coupon reset rates) are subject to an upper limit. Like standard FRNs,...