floating interest rate is an interest rate that, instead of being a fixed percentage, is stated as an amount above or below another rate, such as the prime rate. The interest rate moves up or down in relation to the rate of the controlling index.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). floating interest rate. Retrieved September 25, 2026, from http://smartdefine.org/floating_interest_rate/definitions/1154245 |
| Chicago | Barry Goldsmith. 2010. "floating interest rate" http://smartdefine.org/floating_interest_rate/definitions/1154245 (accessed September 25, 2026). |
| Harvard | Barry Goldsmith 2010, floating interest rate, Smart Define, viewed 25 September, 2026, <http://smartdefine.org/floating_interest_rate/definitions/1154245>. |
| MLA | Barry Goldsmith. "floating interest rate" 21 October 2010. Web. 25 September 2026. <http://smartdefine.org/floating_interest_rate/definitions/1154245> |