capped FRN


capped FRN

Accounting dictionary. 2014.

Look at other dictionaries:

  • 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