floating rate
noun[C]
ukus(alsoadjustable rate);(alsovariable rate)FINANCE
aninterestratethat canchangeover aperiodoftime:
Someinvestorspreferfloatingratebondsover thefixedrates, asinterestratesare notpredictedtochangein the nearfuture.
afloatingrateloan/mortgage/liability
ECONOMICS
→floating exchange rate