floating rate Meaning in the Cambridge English Dictionary
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Meaning of “floating rate” in the English Dictionary

"floating rate" in Business English

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floating ratenoun [C]

uk   us   (also adjustable rate, also variable rate)
FINANCE an ​interestrate that can ​change over a ​period of ​time: Some ​investors prefer ​floatingratebonds over the ​fixedrates, as ​interestrates are not ​predicted to ​change in the near future. a floatingrateloan/​mortgage/​liability
ECONOMICS →  floating exchange rate
(Definition of floating rate from the Cambridge Business English Dictionary © Cambridge University Press)
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