Variable-Rate Note

Variable-Rate Note: An Adjustable Interest Bond
A Variable-Rate Note (VRN) is a bond that features an interest coupon adjusted at regular intervals based on prevailing market rates, differing from floating-rate notes by having an adjustable margin.
VRN: Variable-Rate Note
A Variable-Rate Note (VRN) is a type of debt instrument that has a floating interest rate, which adjusts periodically based on a benchmark interest rate or index.

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