What does floorlet mean?
Definitions for floorlet
floor·let
This dictionary definitions page includes all the possible meanings, example usage and translations of the word floorlet.
Wiktionary
floorletnoun
A component of an interest rate floor, a derivative instrument that effectively prevents the interest payments on an otherwise variable-rate loan from falling below an agreed level (the "floor"). Each "floorlet", analysable as a put option, covers one interest accrual period (such as three months); the whole interest rate floor is made up of a series of consecutive floorlets.
Numerology
Chaldean Numerology
The numerical value of floorlet in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of floorlet in Pythagorean Numerology is: 4
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"floorlet." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/floorlet>.
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