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Accounting
Banking

Floortion

An option on a floor. In other words, a floortion is an option to buy or sell an interest rate...

Constant Maturity Floor

A constant maturity option (a floortion on a constant maturity swap) which gives the holder the right to place a...

Interest Rate Floortion

An option on a floor. In other words, a floortion is an option to buy or sell an interest rate...

Participating Interest Rate Agreement (PIRA)

An interest rate collar that allows an investor or borrower to mitigate or limit exposure to unfavorable interest rate changes...