FRN

FRN
floating-rate note.

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Universalium. 2010.

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Look at other dictionaries:

  • FRN — floating rate note (FRN) A medium term instrument with a coupon rate that floats up or down based upon changes to an index or reference rate. Often, FRNs are tied to LIBOR. American Banker Glossary ( floating rate note) note whose interest… …   Financial and business terms

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