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

Another name for a floating rate note (FRN); a medium to long-term debt obligation (note) that has its coupon rate…

It stands for drop lock bond; a floating-rate bond that converts into a fixed coupon obligation when a reference interest…

It stands for drop-lock bond; a floating-rate bond that converts into a fixed coupon obligation when a reference interest rate...

A floating-rate bond that converts into a fixed coupon obligation when a reference interest rate (market interest rate) drops below...