Usually means: Interest rate that changes periodically.
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We found 10 dictionaries that define the word floating rate:

General (4 matching dictionaries)
  1. Floating-Rate, floating-rate: Wordnik
  2. floating rate: Wiktionary
  3. floating rate: Dictionary.com
  4. floating rate: Longman Dictionary of Contemporary English

Business (6 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. INVESTORWORDS (No longer online)
  3. Comprehensive Financial (No longer online)
  4. floating rate: Financial dictionary
  5. BusinessDictionary.com (No longer online)
  6. Yahoo Tax Center Glossary (No longer online)

Definitions from Wiktionary (floating rate)

noun:  A rate, usually interest or exchange values, that moves up and down with the rest of the market or along with an index.

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