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  • Monday, April 28, 2025
  • The Financial Encyclopedia
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Mini-Max FRN

A floating-rate note (FRN) which has a minimum and a maximum interest rate, i.e., an embedded collar. This collar has...

    Mini-Max Floating-Rate Note

    A floating-rate note (FRN) which has a minimum and a maximum interest rate, i.e., an embedded collar. This collar has...