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  • The Financial Encyclopedia
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Capped Floored FRN

A floored FRN which is also capped: the coupon of the floating-rate note (FRN)cannot increase beyond the cap rate. In...

    Leveraged Floored FRN

    A structured product (floored FRN) in which a minimum level of coupon depends on a specific floor rate or is...

      Floored FRN

      An FRN (floating rate note) in which the coupon (interest payment) is floored, i.e., cannot be less than a minimum...