ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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FLOATING RATE NOTE Definition
FLOATING RATE NOTE (FRN) is a short-term debt obligation where the interest rate is variable because it is linked to a market rate such as the 3-month T-bill rate or London Interbank Offer Rate (LIBOR).
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NBB see NON-BULLETIN BOARD.
RECOGNIZE or RECOGNITION is the recording of a revenue or expense item in a given accounting period.