• floorlet
• floorlets

floorlet (suomeksi)

Määritelmät:

• (lb, en, finance) A component of an w: interest rate cap and floor, 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 w: put option, 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.