Floating-Rate Note

A bond with a variable interest rate. These bonds typically have coupons renewable every three months and pay according to a set calculation. For example, a note may have an interest rate of "EURIBOR + 1%" and pay whatever the EURIBOR rate happens to be at the time plus 1%. Some FRNs have maximum and minimum interest rates, known as capped FRNs and floored FRNs, respectively. An FRN with both a maximum and a minimum interest rate is called a collared FRN. In the United States, government sponsored enterprises issue most FRNs while banks do the same in Europe. See also: Adjustable-rate mortgage.

FRN

Acronym	Definition
FRN➣FCC Registration Number
FRN➣FEMA (Federal Emergency Management Agency) Radio Network
FRN➣Fugitive Recovery Network (bail bonds)
FRN➣Fonds de Roulement Net (French: Net Working Capital)
FRN➣Free Radio Network
FRN➣Floating Rate Note
FRN➣Federal Register Notice
FRN➣Federal Reserve Note
FRN➣File Reference Number (computing)
FRN➣Frame Relay Network
FRN➣FirstNation Airways (Nigeria)
FRN➣Floriana (postal locality, Malta)
FRN➣Family Resource Network (Brookings, SD)
FRN➣Fiberglass Reinforced Nylon
FRN➣Federal Republic of Nigeria
FRN➣Federal Relations Network (National School Boards Association)
FRN➣Swedish Council for Planning and Coordination of Research
FRN➣Federal Registration Number
FRN➣Front Révolutionnaire National (French: National Revolutionary Front)
FRN➣Full Range Naphtha (petroleum)
FRN➣Final Rulemaking Notice
FRN➣Force Requirement Number
FRN➣Forum pour La Redressement National (Comoros)
FRN➣FSA (Financial Services Authority) Registration Number (UK)
FRN➣Fédération des Réflexologues Normands (French reflexology federation)
FRN➣Funding Resource Number
FRN➣Federal Reserve Number
FRN➣Fraction of Residential Power Supplied by Nuclear (Carolina Environmental Program)
FRN➣Family Restoration Network, Inc. (Dallas, TX)