| |
 |
|
Any interest rate that changes on a periodic basis. The change is usually tied to movement of an outside indicator, such as the prime interest rate. Movement above or below certain levels is often prevented by a predetermined floor and ceiling for a given rate.
This Glossary is provided by www.InvestorWords.com
Copyright © 1997-2005 by WebFinance Inc. All Rights Reserved.
|
|
|
|