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Acronyms that contain the term floorlet
What does floorlet mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: floorlet.
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What does floorlet mean?
- floorlet(Noun)
- A component of an interest rate floor, a derivative instrument that effectively prevents the interest payments on an otherwise variable-rate loan from falling below an agreed level (the "floor"). Each "floorlet", analysable as a put option, covers one interest accrual period (such as three months); the whole interest rate floor is made up of a series of consecutive floorlets.
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"floorlet." Abbreviations.com. STANDS4 LLC, 2024. Web. 4 May 2024. <https://www.abbreviations.com/floorlet>.
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