As you may have noticed, above you will find words for "A component of an interest rate floor, a derivative instrument that effectively prevents the interest payments on an otherwise variable-rate loan from falling below an agreed level (the "floor"). Each floorlet, analysable as a put option, covers one interest accrual period (such as three months); the whole interest rate floor is made up of a series of consecutive floorlets.". Hover the mouse over the word you'd like to know more about to view its definition. Click to find a better fitting word. Finally, thanks to ChatGPT, the overall results have been greatly improved.