Variable Rate Security
Variable rate security refers to a debt security where the rate changes as a function of a market indicator, such as the prime rate, and the U.S. Treasury bill or bond rate, or a combination of the two.
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Variable rate security refers to a debt security where the rate changes as a function of a market indicator, such as the prime rate, and the U.S. Treasury bill or bond rate, or a combination of the two.
| Related Terms: |