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Floating rate
Meaning
Noun
●
An rate, usually interest or
exchange
values,that
moves
up and
down with
the
rest
of the market or
along with
an
index
- sometimes called a
variable
interest rate
because it can
vary
over the
duration
of the
term
. This
contrasts
with a
fixed
rate.
Sourced from
Wiktionary
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