Series 53: Floating-rate Securities

Taken from our Series 53 - MSRB Municipal Securities Principal Qualification Exam

Definition of the term Floating-rate Securities...

(a.k.a., floaters) securities with interest payments that reset periodically. The interest rates for these securities are tied to an index, such as LIBOR, and a designated spread above or below that index.

Since you're reading about Series 53: Floating-rate Securities, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 53
Please Enable Javascript
to view this content!