Speakur

Word Pronunciation & Dictionary

floorlet

Word Rarity Very rare

Frequency: Zipf frequency 0.00 in modern English

Syllables
floor-let
IPA
11
Scrabble Score
8
Letters
2
Syllables
6
Unique Chars

Meaning

noun

A component of an 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 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.

Etymology

From floor + -let.

Word Breakdown

Inflected Forms

floorlets (plural)

Questions

What does floorlet mean?
A component of an 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 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.
Where does floorlet come from?
From floor + -let.

How to pronounce floorlet

  1. Open the pronunciation page — Open the Speakur entry for “floorlet”.
  2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
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