FIXED INCOME
FRN
A debt security whose coupon resets periodically using a reference rate plus or minus a spread.
What does it stand for?
Floating-Rate Note
What it means
A debt security whose coupon resets periodically using a reference rate plus or minus a spread.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Acronyms
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