Capped Note

Capped Note
   A floating rate instrument with a cap that places a maximum coupon rate on the issue.
   ► See also Cap.

Financial and business terms. 2012.

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Look at other dictionaries:

  • capped floating-rate note — capped FRN See: floating rate note …   Accounting dictionary

  • capped FRN — capped floating rate note …   Accounting dictionary

  • Capped — Cap Cap, v. t. [imp. & p. p. {Capped}; p. pr. & vb. n. {Capping}.] 1. To cover with a cap, or as with a cap; to provide with a cap or cover; to cover the top or end of; to place a cap upon the proper part of; as, to cap a post; to cap a gun.… …   The Collaborative International Dictionary of English

  • capped floating rate note — /ˌkæpt fləυtɪŋ reɪt ˌnəυt/ noun a floating rate note which has an agreed maximum rate …   Dictionary of banking and finance

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  • List of association football families of note — List of football (soccer) families of note. The countries are listed according to the national teams of the senior family member if the other family member played for a different country. If the senior members of the given member did not play… …   Wikipedia

  • Red-capped Manakin — Conservation status Least Con …   Wikipedia

  • Black-capped Donacobius — In Piraju, São Paulo, Brazil Note lower bird displaying yellow neck patch Conservation status …   Wikipedia

  • Floating rate note — Floating rate notes (FRNs) are bonds that have a variable coupon, equal to a money market reference rate, like LIBOR or federal funds rate, plus a spread. The spread is a rate that remains constant. Almost all FRNs have quarterly coupons, i.e.… …   Wikipedia

  • floating-rate note — FRN A eurobond with a floating rate interest, usually based on the London Inter Bank Offered Rate. They first appeared in the 1970s and are usually issued as negotiable bearer bonds. A perpetual FRN has no redemption. A capped FRN is one with a… …   Accounting dictionary

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