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Exchangeable Variable Rate Note

A variable rate note (floating rate note) that pays a floating coupon after a predetermined date; before this date the…

EVRN

It stands for exchangeable variable rate note; a variable rate note (floating rate note) that pays a floating coupon after…

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...