- capped FRN
Accounting dictionary. 2014.
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capped floating-rate note — capped FRN See: floating rate note … Accounting dictionary
floating-rate note — FRN A eurobond with a floating rate interest, usually based on the London Inter Bank Offered Rate. They first appeared in the 1970s and are usually issued as negotiable bearer bonds. A perpetual FRN has no redemption. A capped FRN is one with a… … Accounting dictionary
Floating rate note — Floating rate notes (FRNs) are bonds that have a variable coupon, equal to a money market reference rate, like LIBOR or federal funds rate, plus a spread. The spread is a rate that remains constant. Almost all FRNs have quarterly coupons, i.e.… … Wikipedia
Crossover (music) — This article is about the general use of the term in popular music. For other uses, see Crossover. Crossover is a term applied to musical works or performers appearing on two or more of the record charts which track differing musical tastes, or… … Wikipedia
cap — An upper limit for a variable, such as the upper limit on the interest rate paid or received in a transaction. For example, an adjustable rate mortgage may have a cap of 10 percent. In this case, the rate can adjust however the loan terms provide … Financial and business terms