PERPETUAL FLOATING RATE NOTE (FRN)

A hybrid floating rate note with no maturity date. The investors are paid in coupons but the pricipal is not paid. Refer to capped, inverse, and range floating range notes.

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Related Legal Terms
FLOATING RATE NOTE (FRN), RANGE FLOATING RATE NOTE (FRN), RANGE KNOCKOUT FLOATING RATE NOTE (FRN), INVERSE FLOATING RATE NOTE (FRN), FLOATING RATE NOTE, PERPETUAL DEBT, FLOATING RATE CERTIFICATE OF DEPOSIT (FRCD), LEVERAGED NOTE, VARIABLE RATE DEMAND NOTE, FLOATING EXCHANGE RATE


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