| 单词 | floating-rate note |
| 释义 | floating-rate note = FRN A eurobond with a floating-rate interest, usually based on the London Inter Bank Offered Rate. They first appeared in the 1970s and have a maturity of between 7 and 15 years. They are usually issued as negotiable bearer bonds. A perpetual FRN has no redemption. See also: |
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