Floating-Rate Payer

Business / Finance / Floating-Rate Payer: Note whose interest payment varies with short-term interest rates.


Business / Finance / Payer: The person making a payment to a payee. MORE

Taxpayer Relief Act Of 1997

Business / Finance / Taxpayer Relief Act Of 1997: An obligation whose interest is tax-exempt, often called a municipal bond, offered by a country, state, town, or any political district. MORE

Taxpayer Relief Act Of 1997 (TRA 97)

Business / Real Estate / Taxpayer Relief Act Of 1997 (TRA 97): Enacted by the United State Congress and effective May 7, 1997, TRA 97 provides for broader exemption from capital gains taxes on the profits on the sale of a personal residence. Replaces the old prov MORE

Fixed-Rate Payer

Business / Finance / Fixed-Rate Payer: A loan whose rate is fixed for the life of the loan. MORE

Inverse Floating-Rate Note

Business / Finance / Inverse Floating-Rate Note: A variable-rate security whose coupon rate increases as a benchmark interest rate declines. MORE

Floating-Rate Contract

Business / Finance / Floating-Rate Contract: The aggregate of securities believed to be available for immediate purchase, that is, in the hands of dealers and investors wanting to sell. MORE