Droplock security

A floating-rate security which becomes Fixed income if the rate to which it is pegged reaches a specified level.

Related Terms: 7 ACH, ECU, ECI, Float, Fixed income, Inc., SEC

Other Related Pages: Category: Bonds Starting With: D

Additional Related Terms: ACH, Adjustable rate, Availability float, Agency security, Asset-backed security, At par, At best, At call, Adjustable rate preferred stock, At risk