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Definition of

variable rate note


note with interest rate linked to index a note whose interest rate is tied to an index, such as the prime rate in the United States or the London Interbank Offering Rate in the United Kingdom.

Related definitions of "variable rate note"

Definitions of ’variable rate note’ and meaning of ’variable rate note’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’variable rate note’ and other financial terms with our online QFINANCE Financial Dictionary.

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