Floorlet vs. Floorset — What's the Difference?
Difference Between Floorlet and Floorset
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Floorlet
(finance) A component of an interest rate floor, a derivative instrument that effectively prevents the interest payments on an otherwise variable-rate loan from falling below an agreed level (the "floor"). Each floorlet, analysable as a put option, covers one interest accrual period (such as three months); the whole interest rate floor is made up of a series of consecutive floorlets.
Floorset
(retail) The process of rearranging all the goods in a store to give a fresh appearance, often according to a planogram.
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