floorlet

Fetched 2026-10-26 (cache).

Synonyms: floodlit, floret, floored, forlet, flowerlet, footlet, floorer, bloodlet, floorless, floor it, floormat

Antonyms: floodlit, floret, floored, forlet, flowerlet, footlet, floorer, bloodlet, floorless, floor it, floormat

Related words from Datamuse; suggestions, not definitions.

Noun

1. {{lb|en|finance}} A component of an [[w:interest rate cap and floor|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 [[w:put option|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.

Source: Wiktionary · CC BY-SA 4.0 (Wiktionary dump) · cached copy, not a rewrite.