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Floating rate note - Floating rate notes (FRNs) are bonds that have a variable coupon, equal to a money market reference rate, like LIBOR or federal funds rate, plus a spread. The spread is a rate that remains constant.

London Interbank Offered Rate - London Interbank Offered Rate (or LIBOR) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale (or "interbank") money market.

Money market - For short-term mutual funds investing in money market securities, see Money fund

Money market deposit account - In the United States, a Money Market Deposit Account is a deposit account that is considered a savings account for some purposes, but upon which checks can typically be written, subject to certain restrictions.

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