Business / Finance / Dirty Float: Used in the context of general equities. Stock status whereby a trader may not maintain positions in the security, due to an investment bank employee serving as a director on the corporation's board of directors done to avoid conflicts of interest; signified by a flashing 'D' on Quotron. Contrast to restricted.
Dirty Noun Synonyms: foul, unclean, befouled, soiled, begrimed, sooty, grimy, filthy, mucky, besmeared, besmirched, befouled, polluted, squalid, sullied, stained, spotted, smudged, slovenly, unwashed, bedraggled, slatternly, untidy, gungy, grungy
Dirty Adjective Synonyms: unfair, unscrupulous, unsporting, dishonest, mean, underhand(ed), unsportsmanlike, dishonorable, deceitful, corrupt, treacherous, perfidious, villainous, disloyal, malicious, malevolent, rotten, filthy
Float Adjective Synonyms: hover, poise, bob, waft, be suspended, hang, sail, drift, glide, swim
Float Verb Synonyms: launch, establish, set up, organize, found, initiate, get going or moving
Float Noun Synonyms: (parade) exhibit or display
Business / Finance / Floating-Rate Note (FRN): An guaranteed investment instrument whose interest payment is tied to some variable (floating) interest rate benchmark, such as a specific-maturity Treasury yield. MORE
Business / Finance / Floating-Rate Payer: Note whose interest payment varies with short-term interest rates. MORE