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Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

i inverse-floating-rate note

See NOTE (1).

inverse-floating-rate note

A note structured in such a way that its interest rate moves in the opposite direction from the underlying index (such as the London Interbank Offer Rate). ( Many such notes are risky investments because if interest rates rise, the securities lose their value and their coupon earnings fall. - Also termed inverse floater.