coupon note
A note with attached interest coupons that the holder may present for payment as each coupon matures.
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inverse floating rate note
A note structured in such a way that its interest rate moves in the opposite direction from the underlying index (such as the London Interbank Offer Rate). • Many such notes are risky investments because if interest rates rise, the securities lose their value and their coupon earnings fall. — Also termed inverse floater. [Cases:
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