floortion

An option that grants the holder the right to purchase a floor. American Banker Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • Floortion — A type of option that gives the holder the right, but not the obligation, to purchase or sell an interest rate floor at a specific price during a predetermined period of time. A floortion combines the benefits of both an interest rate floor and… …   Investment dictionary

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