A financial instrument for which the coupon is periodically reset relative to a reference index to reflect changes in short or medium-term market interest rates. Floating rate instruments have either pre-fixed coupons or post-fixed coupons.
FLOATING RATE INSTRUMENT
Meaning of FLOATING RATE INSTRUMENT in English
European Central Bank English Glossary. Английский глоссарий Европейского Центрального Банка. 2012