define floating rate notes floating-rate notes


Define Floating Rate Notes

Floating-rate notes (FRNs) are commonly medium-term bonds along with their coupon payments indexed to some reference rate.  Common reference rates are either 3-month or 6-month U.S. dollar LIBOR.  Coupon payments on FRNs are generally quarterly or semi-annual, and in a accord along with the reference rate.

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Financial Management: define floating rate notes floating-rate notes
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