Secured Loans
Used in the context of general equities.
Currency: exchange rate policy whereby the authorities do not accept an
obligation to limit the range of the market rate.
Equities: number of shares of a corporation that are outstanding and available for
trading by the public, excluding insiders or restricted stock on a when issued
basis. A stocks volatility is inversely correlated to its Float.
Floater
Floating rate bond.
Floating exchange rate
A countrys decision to allow its currency value to freely change. The currency is
not constrained by central bank intervention and does not have to maintain its
relationship with another currency in a narrow band. The currency value is
determined by trading in the foreign exchange market.
Floating lien
General lien against a company's assets or against a particular class of assets.
Floating-rate contract
A guaranteed investment contract where the credit rating is tied to some variable
(floating) interest rate benchmark, such as a specific-maturity Treasury yield.
Floating-rate note (FRN)
Note whose interest payment varies with short-term interest rates.
Floating-rate payer
In an interest rate swap, the counterparty who pays a rate based on a reference
rate, usually in exchange for a fixed-rate payment
Floating-rate preferred
Preferred stock paying dividends that vary with short-term interest rates.
Floating supply
The amount of securities believed to be available for immediate purchase, that is,
in the hands of dealers and investors wanting to sell.
