- floortion
- An option that grants the holder the right to purchase a floor. American Banker Glossary
Financial and business terms. 2012.
floortion
Look at other dictionaries:
Floortion — A type of option that gives the holder the right, but not the obligation, to purchase or sell an interest rate floor at a specific price during a predetermined period of time. A floortion combines the benefits of both an interest rate floor and… … Investment dictionary
