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Reverse FRN

A floating-rate note (FRN) in which the coupon moves inversely to the movement of the reference rate. That is, if...

Hybrid Fixed-Rate Reverse Floating-Rate Note

A floater (FRN) that pays a high fixed rate coupon for an introductory period (first one or two years), then...

Bull FRN

A floating-rate note (FRN) in which the coupon moves inversely to the movement of the reference rate. That is, if...

Hybrid Fixed-Rate Reverse FRN

A floater (FRN) that pays a high fixed rate coupon for an introductory period (first one or two years), then...

Capped FRN

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

One-Way Floater

A floater (FRN) in which coupon payments are subject to a floor set at the preceding coupon payment and a...

Floater

Also floating rate note (FRN). It is a note bearing a variable interest rate which is usually readjusted every six...

Participating Capped FRN

A note (floating rate note) which allows the holder to receive a guaranteed minimum rate plus extra coupon payments up...

Hi-Lo FRN

Also, high-low FRN; a floating rate note (FRN) which is designed as a yield enhancement instrument. It has a premium...

High-Low FRN

A floating rate note (FRN) which is designed as a yield enhancement instrument. It has a premium rate that is...