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Bear Floater

A structured security (a floater or floating rate note- FRN) which allows an investor to take advantage of increasing interest...

Variable Rate Note

A note on which the spread varies over time depending on the change in the perceived credit risk of the...

VRN

It stands for variable rate note; a note on which the spread varies over time depending on the change in...

Liquid Yield Option Note

A form of zero-coupon convertible bond (convertible zero-coupon bond) that was introduced by Merrill Lynch in 1985. This note was...

Leveraged Floored Floating Rate Note

A structured product (floored floating rate note) in which a minimum level of coupon depends on a specific floor rate...

Leveraged Reverse Floater

A floating-rate note (floater) in which the reference rate is magnified by a factor λ (where λ > 1). Therefore,...

Leveraged Reverse Floating-Rate Note

A reverse floating-rate note (reverse floater) in which the multiplier of the fixed rate is set, at the time the...

Leveraged Floating Rate Note

A floating-rate note (floater/ FRN) in which the reference rate is magnified by a factor λ (where λ > 1)....

One-Way Floating-Rate Note

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

Quanto Callable Range Accrual Note

A callable range accrual note in which the coupon depends on the daily fixing of a foreign reference index being...