droplock bond

/'drɒplɒk bɒnd/ noun
a floating rate bond which will convert to a fixed rate of interest if interest rates fall to a certain point.

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • droplock loan — drop lock or dropˈlock loan noun (finance) A bank loan for which interest rates vary with the market, but if the long term interest rates fall to a specified level it is converted to a fixed rate long term bond • • • Main Entry: ↑drop …   Useful english dictionary

  • obbligazione droplock —   Eng. droplock bond   Obbligazione a rendimento variabile che si trasforma in un obbligazione a rendimento fisso quando il tasso a cui è indicizzata scende sotto un livello prefissato …   Glossario di economia e finanza

  • debt-convertible bond — /ˌdet kənˌvɜ:tɪb(ə)l bɒnd/ noun a floating rate bond which can be converted to a fixed rate of interest. ⇒ droplock bond …   Dictionary of banking and finance

  • Westley Richards — is one of the oldest surviving traditional English gunmakers. It was founded in 1812 by William Westley Richards. Their inventions included the Anson Deeley boxlock action and the Droplock, which equals in status James Purdey s self opening and… …   Wikipedia

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