Adjustable rate - Mainly applies to convertible securities. Refers to interest rate or dividend which is adjusted periodically, usually based on a standard market rate outside the control of the bank or savings institution, such as that prevailing on Treasury bonds or notes. Typically, such issues have a set floor or ceiling, called caps and collars which limit the adjustment.
Adjustable rate : mainly applies to convertible securities. refers to interest rate or dividend which is adjusted periodically, usually based on a standard market rate outside the control of the bank or savings institution, such as that prevailing on treasury bonds or notes. typically, such issues have a set floor or ceiling, called caps and collars which limit the adjustment.
Adjustable rate