floating-rate
|float/ing-rate|
B2
🇺🇸
/ˈfloʊtɪŋ reɪt/
🇬🇧
/ˈfləʊtɪŋ reɪt/
variable interest
Etymology
Etymology Information
'floating-rate' originates from the combination of 'float' and 'rate', where 'float' refers to the act of moving freely and 'rate' refers to a measure or standard.
Historical Evolution
The term 'floating-rate' evolved from the financial sector's need to describe interest rates that adjust with market conditions.
Meaning Changes
Initially, it meant 'a rate that can change', and over time it evolved into its current meaning of 'an interest rate that varies with market conditions'.
Meanings by Part of Speech
Adjective 1
referring to an interest rate that is not fixed but varies with the market conditions.
The bank offers a floating-rate mortgage.
Synonyms
Antonyms
Last updated: 2025/01/11 11:45