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Floating Rate Note

A medium to long-term debt obligation (note) that has its coupon rate linked to some reference interest rate (specifically a...

    SURF

    It stands for step-up recovery floating-rate note; a floating-rate note (floater or FRN) that typically pays 50% of a Constant-...

      Step-Up Recovery FRN

      A floating-rate note/ floater (FRN) that typically pays 50% of a Constant- Maturity Treasury (CMS) rate plus a specific spread...

        Accrual Range FRN

        A floating rate note (floater or FRN) that pays a coupon whose amount depends on the times a floating rate...

          Ratchet Collared FRN

          A collared FRN in which the caplet/ floorlet strikes increase at particular intervals/ increments (and hence the ratchet feature). The...