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net_floor_life

net_floor_life (variable)

Minimum net rate for the life of an ARM

Declared as: double

Description: The minimum the net rate (underlying rate minus service fee) can decrease to over the life of an ARM. The number is stated as a percent (that is, 2% = 2.0 and 12.525% is 12.525)

Valid values:
  Any number greater than zero

© 2001 TIPS, Inc.Doc Version: 5.0