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FRN

It stands for floating-rate note; a medium to long-term debt obligation (note) that has its coupon rate linked to some…

    Deferred Cap Floating Rate Note

    A capped floating rate note that is associated with a deferred cap. In other words, it comes with a maximum...

      Deferred Cap FRN

      A capped floating rate note (capped FRN) that is associated with a deferred cap. In other words, it comes with...

        Capped FRN

        A floating-rate note (FRN) in which coupon rates (coupon reset rates) are subject to an upper limit. Like standard FRNs,...