Floating rate note ( frn ) a bond where the coupon ' s interest rate is changed periodically in accordance to a specific market rate 浮动利率债券( frn )息票利率根据一定市场利率而发生周期性变化的债券。
2.
Fixed rate bonda bond where the coupon ' s interest rate remains fixed for the entire term . interest rate movements affect the bond ' s price not the coupon 固定利率债券在整个债券有效期限内,债券的息票利率保持不变的债券。利率的变动影响债券的价格而非息票。