FRN

债券或者其他致癌物商品，基于一个标的基准现货利率，支付并累计一个变动利率的利息，比如伦敦同业银行拆借率（LIBOR）或者其他基准，利率通常每六个月调整一次。

Bonds and other debt instruments which accrue and pay a variable rate of interest, based upon an underlying benchmark spot rate such as the London Inter-Bank Offered Rate (LIBOR) or some other benchmark. The interest rate adjustments are usually made every six months.