floating rate note

Definition of "floating rate note"
  1. A negotiable financial instrument that generates a variable interest rate which is regularly adjusted based on an index
How to use "floating rate note" in a sentence
  1. The investor was drawn to the floating rate note due to its ability to adjust interest rates based on market conditions.
  2. The firm's portfolio included a large number of floating rate notes which allow for interest rate changes over time.
  3. The investment advisor recommended adding a floating rate note to the mix to allow for some flexibility regarding interest rates.

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