Reference Entry

floating-rate note

Jonathan Law

in A Dictionary of Business and Management

Fifth edition

Published in print January 2009 | ISBN: 9780199234899
Published online January 2009 | e-ISBN: 9780191726545
floating-rate note

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A *eurobond with a *floating-rate interest, usually based on the *London Inter Bank Offered Rate. They first appeared in the 1970s and have a maturity of between 7 and 15 years. They are usually issued as negotiable ...

Reference Entry.  59 words. 

Subjects: Business and Management

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