floating rate bond
Definition
Bond whose interest amount fluctuates in step with the market interest rates, or some other external measure. Price of floating rate bonds remains relatively stable because neither a capital gain nor a capital loss occurs as market interest rates go up or down.
Popular 'Banking, Commerce & Finance' Terms
floating rate bond in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/floating-rate-bond.html
