FLOATING-RATE CONTRACT
\flˈə͡ʊtɪŋɹˈe͡ɪt kˈɒntɹakt], \flˈəʊtɪŋɹˈeɪt kˈɒntɹakt], \f_l_ˈəʊ_t_ɪ_ŋ_ɹ_ˈeɪ_t k_ˈɒ_n_t_ɹ_a_k_t]\
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A company that handles pension plans for lump sum payment or installments. The principal is guaranteed by a company or bank issuing the policy. The payoff comes with a variable interest rate. It can come in installments as well. AKA guaranteed investment
By Henry Campbell Black
Word of the day
Proto Oncogene Proteins c erbB 2
- cell surface protein-tyrosine kinase that is found to be overexpressed in significant number adenocarcinomas. It has extensive homology can heterodimerize EGF EPIDERMAL GROWTH FACTOR), 3 receptor (RECEPTOR, 3) and the 4 receptor. Activation of erbB-2 receptor occurs during heterodimer formation with a ligand-bound erbB family members. EC 2.7.11.-.