floating-rate note

British

noun

a eurobond, often issued as a negotiable bearer bond, that has a floating rate of interest

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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floating-rate note

The Treasury said it anticipates maintaining nominal coupon and floating-rate note auction sizes “for the next several quarters.”

From The Wall Street Journal ● Nov. 4, 2026

The Texas firm would be the loser if rates did rise, since after the swap it would hold the floating-rate note that called for larger interest payments.

From Time Magazine Archive

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Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023