Interest Rate Floor Law and Legal Definition
Interest Rate Floor is an interest rate agreement in which payments are made when the reference rate falls below the strike rate. In over-the-counter investment instrument, it protects the floor buyer from losses resulting from a decrease in interest rates. The floor seller compensates the buyer with a payoff when the reference interest rate falls below the floor's strike rate.
Legal Definition list
- Interest on Lawyer Account (IOLA Account)
- Interest of the Debtor in Property
- Interest of Justice
- Interest in Proven Oil or Gas Property [Internal Revenue]
- Interest in Possession Trust
- Interest Rate Floor
- Interest Rate Risk
- Interest Rate Swap
- Interest Rates
- Interest Republicae Ne Maleficia Remaneant Impunita
- Interest Short
