Floating rate bond
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Floating rate bond is a bond whose interest rate fluctuates with shifts in the general level of interest rates.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Floating rate bonds. Bonds whose interest rate fluctuates with shifts in the general level of interest rates.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
