HomeDefinitionsCompareDebt Floating rate note (FRN)The financial definition for Floating rate note (FRN):Note whose interest payment varies with short-term interest rates. Similar MatchesFixed for floating swapFixed for floating swapAn interest rate swap in which the fixed rate payments are traded for a floating rate. Floating debtFloating debtShort-term debt that is renewed and refinanced constantly to fund capital needs of a firm or institution. Floating exchange rate systemFloating exchange rate systemPurchase or sale of the currencies of other nations by a central bank for the purpose of influencing foreign exchange rates or maintaining orderly foreign exchange markets. Also called foreign-exchange market intervention. Further SuggestionsFloating rate preferredFloating supply Freely floating exchange rate system Inverse floating rate note Receive floating counterparty Click to compare definitions of Floating rate note (FRN) Click to view definitions beginning fl |