variable coupon renewable note

Variable Coupon Renewable Note

A debt security that matures every week with the principal automatically reinvested at a new interest rate. This process continues until the holder of the note asks the principal not to be reinvested. The interest rate is generally linked to the rate on a Treasury bill. It is also called a VCR note.

variable coupon renewable note (VCR)

A renewable note on which interest is reset on a weekly basis according to a predetermined formula. A VCR continues to renew at quarterly intervals unless the owner directs the issuer to repay the principal.

单词	variable coupon renewable note
释义	DictionarySeeVCREncyclopediaSeevariable costs variable coupon renewable note Variable Coupon Renewable Note A debt security that matures every week with the principal automatically reinvested at a new interest rate. This process continues until the holder of the note asks the principal not to be reinvested. The interest rate is generally linked to the rate on a Treasury bill. It is also called a VCR note. variable coupon renewable note (VCR) A renewable note on which interest is reset on a weekly basis according to a predetermined formula. A VCR continues to renew at quarterly intervals unless the owner directs the issuer to repay the principal.
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