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floorlet

noun

Etymology

From floor + -let.

  1. derived from *pleh₂-✻ — “flat”
  2. inherited from *pleh₂ros✻ — “floor”
  3. inherited from *flōraz✻ — “ground; floor”
  4. inherited from *flōr✻
  5. inherited from flōr — “floor, pavement; deck; gangplank”
  6. inherited from floor
  7. suffixed as floorlet — “floor + let”

Definitions

  1. A component of an interest rate floor, a derivative instrument that effectively prevents…

    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.

The neighborhood

Vish — recursive loop

No curated loop yet for floorlet. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA