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LSDefine

Simple English definitions for legal terms

inverse floater

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A quick definition of inverse floater:

An inverse floater is a type of investment where the interest rate moves in the opposite direction of a certain index, like the London Interbank Offer Rate. This means that if interest rates rise, the investment loses value and earns less money. It can be a risky investment.

A more thorough explanation:

An inverse floater is a type of note that has an interest rate that moves in the opposite direction from the underlying index, such as the London Interbank Offer Rate. This means that if the index goes up, the interest rate on the note goes down, and vice versa. However, inverse floaters are considered risky investments because if interest rates rise, the securities lose their value and their coupon earnings fall.

Suppose you buy an inverse floater note with an interest rate that is tied to the LIBOR. If the LIBOR goes up, the interest rate on your note will go down. For example, if the LIBOR goes up by 1%, the interest rate on your note might go down by 0.5%. This means that you will earn less interest on your investment. However, if the LIBOR goes down, the interest rate on your note will go up, and you will earn more interest.

inveritare | inverse-floating-rate note

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shaquilleoatmeal
20:35
lmao yea i check the status checker 1-2x a week, would be more if i didnt know ad coms can see how often you check
20:40
Idk I don't see why it would affect admissions just bc you check a status checker provided to you
shaquilleoatmeal
20:48
dont think it does unless youre hittin a ridiculous amount per hour, then it shows you have an issue. Im sure theres people out there who do since mich has a 30 min max in 1 hour limit, cant imagine that existed before someone exceeded it
21:02
Yeah Fair point
21:08
lol adcomms be mining salt and clicks. if they were smart they would run a wall of ads on their status checker to generate revenue from necrosis. maybe i should pitch them the idea?
21:09
*neurosis
neurosis leading to necrosis?
21:17
some of you are donning gay apparel year-round 😂😂😂
21:18
temple or villanova
21:19
my fam is from pennsylvania and says temple is an AWFUL neighborhood
21:20
@KnowledgeableRitzyWasp: i ama fien for necrotic tissue, I cannot lie
21:20
(mortician by trade)
21:21
same outcomes, temple has better trial advocacy. nova has the most partners in BL firms in philly than any other school. But both send 20% to BL if thats ur thing. Temple is located in arguably the roughest part of philly. the campus itself is a campus, but not more than a few blocks away are some neighborhoods u dont wanna walk around in.
21:21
nova more expensive
21:21
very very similar tho
21:21
anywhere in philly is too close to kensington for me fam
21:22
k&a is lower northeast, temple is north. not too far at all but not exactly the same place
21:22
u dont ever need to venture to k&a for any reason dont worry
21:23
nova is in a boujee suburb on the main line
21:23
not even in the city, with no traffic prob 30 mins from the city
21:24
to center city*
21:24
glovie have u seen that meme with the dreidel and it says fuck christmas i need top
21:24
no i fw that tho
guys i slept 12 hours last night. i’m going to sleep 12 more
lol cherie
21:27
i couldn’t find it online so i posted it myself
21:28
😴 🥱 💤 literally you
21:40
lmfaoo @both
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