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Stock Market

"Stock market" refers to a market used for trading equities such as the New York Stock Exchange. The term is also used to refer to organized trading of stocks through exchanges and over the counter.

 

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   Floating Interest Rate

"Floating interest rate" is a rate that goes up and down with the condition of the general market or an index. This interest rate amount is usually set at, above or below a specified rate index. The floating interest rate then moves in relation to the specified rate index. Floating interest rates are often indexed to the prime rate of a lending institution, the federal funds rate, or other money market rates.
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