| 释义 |
Master Notes Master NotesShort-term debt securities issued by the Federal Farm Credit Bank with a face value of $25 million. They mature one year after issue and pay a coupon linked to LIBOR or another benchmark rate. The holder of a master note may change the principal amount by up to 25% or use it as the underlying asset in a put or a call. These features give master notes a great deal of flexibility. |