floating-rate loan

floating-rate loan
A loan that does not have a fixed interest rate throughout its life. Floating-rate loans can take various forms but they are all tied to a short-term market indicator; in the UK this is usually the London Inter Bank Offered Rate

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  • floating-rate loan — A loan that does not have a fixed interest rate throughout its life. Floating rate loans can take various forms but they are all tied to a short term market indicator; in the UK this is usually the London Inter Bank Offered Rate …   Accounting dictionary

  • floating rate — interest rate that is reset periodically, usually every couple of months or sometimes daily. Bloomberg Financial Dictionary A rate of interest which varies over time, depending on market rates of interest. Dresdner Kleinwort Wasserstein financial …   Financial and business terms

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  • Floating interest rate — A floating interest rate, also known as a variable rate or adjustable rate, refers to any type debt instrument, such as a loan, bond, mortgage, or credit, that does not have a fixed rate of interest over the life of the instrument. Such debt… …   Wikipedia

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  • floating — float|ing1 [ˈfləutıŋ US ˈflou ] adj [only before noun] often changing, and not staying the same ▪ You can choose either a fixed or floating interest rate for the loan. ▪ The area has a large floating population. floating 2 floating2 n [U] the… …   Dictionary of contemporary English

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