Floater

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A word about credit risk mitigation
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Could be so many unseemly things:

  • A dead body (see Stephen King’s IT)
  • A poo that won’t go down (a.k.a. a “light brown floater”)

In the context of financial arrangements:

A floater might also refer to a floating rate note or a floating rate in the abstract, but this isn’t really to be encouraged.

See also