A certificate of deposit (CD) that pays a floating interest rate. In other words, the rate is afloat, adjusting upward...

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

A financial security whose coupon rate is not fixed over its life. The coupon payments reset periodically according to a...

The short-term interest rate that is charged by banks to their most creditworthy, financially sound customers, i.e. customers who have...

If stands for floating-rate certificate of deposit; a certificate of deposit (CD) that pays a floating interest rate. In other...

A certificate of deposit (CD) that pays a floating interest rate. In other words, the rate floats upward or downward,...