Definitions for "interest rate collar"
Keywords:  cap, floor, minimum, combines, collar
A security which combines the purchase of a cap and the sale of a floor to specify...
A combination of a cap and a floor, with the same expiration date, that guarantees a maximum and minimum interest rates for borrowing or lending.
a combination of an interest rate cap and an interest rate floor
Keywords:  mitigates, rise, fall, tool, variable
Risk management tool which mitigates risk by restricting the range to which a variable rate instrument may rise or fall.
an agreement which limits a customer's floating interest rate to a specified band over a given period