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Floating rate bond or note (frn)
| Syndicated Loan Glossary |
A security on which the coupon paid changes on every interest roll-date throughout the life of the debt in line with a reference rate - such as libor or euribor.
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Throughout, английский
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Asset backed security (abs), английский
A security which is supported by assets such as mortgages, car loans, credit card receivables, owned by the issuer of the security and usually placed with a trustee.
Fixed rate bond, английский
A security on which the coupon is paid at a fixed rate set at the beginning of the arrangement and applied for the whole life of the agreement.
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