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Simple English definitions for legal terms

inverse-floating-rate note

Read a random definition: Railway Labor Act

A quick definition of inverse-floating-rate note:

An inverse-floating-rate note is a type of loan where the interest rate goes down when the market interest rates go up. This means that if the market interest rates rise, the value of the note goes down and the borrower may have to pay more interest. It is a risky investment because the value of the note can change quickly.

A more thorough explanation:

An inverse-floating-rate note is a type of promissory 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, these notes are considered risky investments because if interest rates rise, the securities lose their value and their coupon earnings fall.

For example, if an investor buys an inverse-floating-rate note with an interest rate of 5% and the underlying index goes up by 1%, the interest rate on the note will go down to 4%. If the index goes down by 1%, the interest rate on the note will go up to 6%. This type of note is often used by investors who want to speculate on interest rate movements.

inverse floater | inverse-order-of-alienation doctrine

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12:20
windy- do not click, not for u
12:20
labor law in a nutshell
12:25
mich wave and none for me :(
12:30
Missing Congresswoman:” Kay Granger (R-TX), who hadn’t been seen for six months, was recently found living in a dementia care facility. Yikes
windyMagician
12:34
telling me not to click is crazy
12:34
only bc u do not like family guy
thats the simpsons bro
windyMagician
12:35
I'm generally pro union but I'm hella suspicious of white collar worker unions
12:35
oh yea u rite
windyMagician
12:37
I tried to unionize my starbucks when I worked there but they were not feeling it
windyMagician
12:38
kinda looks like a peepee
12:38
inventor was a T1 troll- lmfao the description
I did not know there was google patents im gonna look some shit up
12:43
my dad used to make money just coming up with ideas and patenting them
12:43
and then when a company wanted to use the idea they had to buy the patent from him
12:43
or something like that
12:46
smart, also u can comb thru uni papers and do FDA testing on drugs. hit or miss
12:49
gotta be careful, do not want to Martin Shkreli urself tho
@cheriebomb: damn hes an idea guy fr
12:52
u should try this
12:53
when u have an idea you can literally just patent it
12:53
@cheriebomb: got blessed w/ the big brain gene
doesnt it cost money to patent stuff
because i have tons of ideas and not tons of money
13:06
big problem in my family is that everyone is extremely smart but most are either mentally ill or totally lacking in practical life skills
13:07
it definitely costs at least some money
13:15
hi intellect ppl must find it hard living in a dumb world, cant blame em.
13:16
gotta find a patent lawyer who wants to get equity in the deal on sale ;D
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