Definitions for "Floating-rate note"
A type of loan in which the interest rate is reset either daily, weekly, monthly, quarterly, or semi-annually.
A bond that makes periodic coupon payments linked to a variable interest rate index. The bond usually pays an additional "spread" that is intended to bring the price of the bond to (or close to) par on the issue date of the bond.
Note whose interest payment varies with short-term interest rates.