convertible floating-rate note
Definition
A type of floating-rate note that can be converted to a fixed-rate note if interest rates decline. A floating-rate note is a type of debt security that has a floating interest rate. By converting a floating-rate note to a fixed-rate note, an investor can lock in a certain rate of return.
Related Articles
- "Sell Covered Call" Option Investment Strategy *
- Common Stock Strategies - Part 1 *
- An Explanation of the Various Facets of a 401(k) Plan *
- Short-Term Investment Choices *
- Consumption vs Income Tax *
- Self-Directed IRA Plans *
- Taxation of IRA Contributions *
- Understanding Disability and Long Term Care Insurance Policies *
Related Videos
http://www.businessdictionary.com/definition/convertible-floating-rate-note.html
