capped floating rate note

capped floating rate note
/ˌkæpt 'fləυtɪŋ reɪt ˌnəυt/ noun
a floating rate note which has an agreed maximum rate

Dictionary of banking and finance. 2015.

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  • capped floating-rate note — capped FRN See: floating rate note …   Accounting dictionary

  • Floating rate note — Floating rate notes (FRNs) are bonds that have a variable coupon, equal to a money market reference rate, like LIBOR or federal funds rate, plus a spread. The spread is a rate that remains constant. Almost all FRNs have quarterly coupons, i.e.… …   Wikipedia

  • floating-rate note — FRN A eurobond with a floating rate interest, usually based on the London Inter Bank Offered Rate. They first appeared in the 1970s and are usually issued as negotiable bearer bonds. A perpetual FRN has no redemption. A capped FRN is one with a… …   Accounting dictionary

  • capped FRN — capped floating rate note …   Accounting dictionary

  • Capped Note —    A floating rate instrument with a cap that places a maximum coupon rate on the issue.    ► See also Cap …   Financial and business terms

  • Adjustable-rate mortgage — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… …   Wikipedia

  • Variable-rate mortgage — A variable rate mortgage or floating rate mortgage is a mortgage loan where the interest rate varies to reflect market conditions. The interest rate will normally vary with changes to the base rate of the central bank and reflects changing costs… …   Wikipedia

  • ОБЛИГАЦИЯ С ФИКСИРОВАННЫМ МАКСИМУМОМ ПРОЦЕНТНОЙ СТАВКИ — (capped floating rate note) облигация с плавающей ставкой, сумма погашения которой не превысит установленный потолок ( см. Еврооблигации) …   Внешнеэкономический толковый словарь

  • ОБЛИГАЦИЯ С ФИКСИРОВАННЫМ МАКСИМУМОМ ПЛАВАЮЩЕЙ СТАВКИ — (capped floating rate note) Облигация с плавающей ставкой. См.: еврооблигация (eurobond), сумма погашения которой не превысит определенного потолка. Финансы. Толковый словарь. 2 е изд. М.: ИНФРА М , Издательство Весь Мир . Брайен Батлер, Брайен… …   Финансовый словарь

  • облигация с фиксированным максимумом плавающей ставки — Облигация с плавающей ставкой (см.: eurobond (еврооблигация)), сумма погашения которой не превысит определенного потолка. [] Тематики финансы EN capped floating rate note …   Справочник технического переводчика

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