Floater

Floating rate bond

Similar financial terms

Inverse floaters
Bonds whose coupon rate moves in the opposite direction from the change in interest rates.

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Asset Protection Trust (APT)

A special form of irrevocable trust, usually created (settled) offshore for the principal purposes of preserving and protecting part of one's wealth offshore against creditors. Title to the asset is transferred to a person named the trustee. Generally used for asset protection and usually tax neutral. Its ultimate function is to provide for the beneficiaries of the APT.


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