Floater

A Fixed income instrument which has a Coupon rate or Interest rate that varies based on a Short term rate Index. A Floater is generally advantageous when Interest rates are rising. opposite of Inverse floater.

Related Terms: 17 Base, Coupon, Coupon rate, Float, Fixed income, Floater, Inverse floater, ISIN, Index, Interest, Inc., Instrument, Interest rate, PPO, Rally, Short, Term

Other Related Pages: Category: Bonds Starting With: F

Additional Related Terms: Adjustable rate, Availability float, Accrual of discount, Accrued interest, Amortization of premium, At par, All or any part, At best, At call, Adjustable rate preferred stock