Financial Definition of Interest Rate Floor
Meaning of Interest Rate Floor
An interest rate agreement in which payments are made when the reference rate falls below the strike rate.
Related Entries of Interest Rate Floor in the Encyclopedia of Law Project
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Interest Rate Floor in Historical Law
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Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Interest Rate Floor in the Legal Abbreviations and Acronyms Dictionary.
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| Interest Rate Floor in the Dictionary | Interest Rate Floor in our legal dictionaries |
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| Related topics | Interest Rate Floor in the World Encyclopedia of Law |
What is Interest Rate Floor?
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Concept of Interest Rate Floor in the context of Real Property
A short definition of Interest Rate Floor: The lowest rate that can be charged on an adjustable rate mortgage if interest rates go down. Not all adjustable rate loans allow rates to go below the beginning rate.
Concept of Interest Rate Floor in the context of Real Property
A short definition of Interest Rate Floor: The lowest rate that can be charged on an adjustable rate mortgage if interest rates go down. Not all adjustable rate loans allow rates to go below the beginning rate.
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