The phrase "rate floor" is a correct and commonly used phrase in written English.
It is typically used in discussions about interest rates and refers to the lowest possible rate that can be charged or earned. Example: "The bank has set a rate floor of 3% on all their loans to ensure a minimum level of profit."
"Removing the lending rate floor is less meaningful than removing the deposit rate ceiling, but I think the latter will come too in the coming months".
Lisa B. Westermann, a Wells Fargo spokeswoman, said the interest rate floor was a result of "historic low interest rates and the economic environment, which has created higher lending costs and losses resulting from defaulted loans".
"We do not expect any change in the conduct of the Swiss monetary policy," Julien Manceaux, an analyst at ING Bank, wrote to clients, adding, the exchange rate floor "is here to stay, with or without Philipp Hildebrand".
Republicans say they like that contrast, and their language ahead of the vote on a motion just to take up the Buffett Rule was harsh and aimed squarely at Mr. Obama, who first proposed a 30-percent tax rate floor for anyone earning at least $1 million a year last September.
That is because these securities come with an interest rate floor, typically at about 4%.
In January 2015, the Swiss National Bank (SNB) abandoned the Swiss franc's exchange rate floor against the Euro.
"A lot of lenders have had interest rate floors -- they would not go below 7percentt," Ms. Stacom said.
In a 2008 speech, the FSA vowed to police tracker mortgage rates, saying tracker interest rate "floors" needed to be "clear and unambiguous to the consumer" and "consistently and prominently spelt out" in the lender's documentation.
Fearing all markets could soon fall, El-Erian injected what he referred to as "Armageddon insurance" into HMC's portfolio for the first time by buying interest rate floors, or a wager that rates would fall, and betting, via credit default swaps, that companies could soon struggle to pay their debts.
Mr. Bernanke has argued that the new rate will eventually serve as an interest-rate floor, with the discount rate — the rate at which the Fed lends directly to banks — functioning as the ceiling, and the fed funds rate fluctuating in between them.
In Republican primaries, the group supports candidates that hew to its message, and it rates floor votes with criteria far tougher than the N.R.A.'s.
