Word: floor
Part of speech: Noun
Syllables: floor
Definition: A lower limit on the interest rate payable on an otherwise variable-rate loan, used by lenders to defend against falls in interest rates. Opposite of a cap.
Morphemes:
Affix: floor
Language: en
PoS: Noun
Meaning: A lower limit on the interest rate payable on an otherwise variable-rate loan, used by lenders to defend against falls in interest rates. Opposite of a cap.