FLOATING RATE NOTE Definition

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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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DMP is Direct Material Productivity, Debt Management Plan, Debt Management Program, or Data Management Plan.

SUBLET, in real estate, refers to the leasing of space within a leased facility by the original lessee.

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