Convertible Floating-Rate Note

Business, Legal & Accounting Glossary

Definition: Convertible Floating-Rate Note


Convertible Floating-Rate Note


Full Definition of Convertible Floating-Rate Note


A security based on borrowed funds with a variable interest rate that may be traded for another security of the same type with a higher rate of interest that does not change over the life of the security. The convertibility feature reduces investor risk from falling interest rates by allowing the note holder to lock in a rate of return.


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December 01, 2022 https://payrollheaven.com/define/convertible-floating-rate-note/.
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Convertible Floating-Rate Note. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/convertible-floating-rate-note/ (accessed: December 01, 2022).
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Convertible Floating-Rate Note. PayrollHeaven.com. Retrieved December 01, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/convertible-floating-rate-note/

Definition Sources


Definitions for Convertible Floating-Rate Note are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.