Main Index |
TIPS Home |
net_floor_lifenet_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 |