Variable-Rate Certificate of Deposit
A variable-rate certificate of deposit pays interest that can reset with market rates or a stated benchmark, changing income over the CD term.
Fixed-income terms for coupon stripping, stripped bonds, stripped coupons, STRIPS, and certificate-style instruments.
STRIPS, coupon stripping, and certificate terms describe securities or receipts created by separating or repackaging bond cash flows.
Use this branch when a bond’s coupon and principal cash flows are split, stripped, or converted into zero-coupon-like claims.
| Term | What it clarifies |
|---|---|
| Coupon Stripping | Separating coupon payments from principal claims. |
| Stripped Bond | A bond whose cash flows have been separated. |
| Stripped Coupon | A separated coupon cash-flow claim. |
| STRIPS Bonds | Securities tied to separate trading of registered interest and principal cash flows. |
| Variable Rate Certificate of Deposit | A variable-rate certificate term included near fixed-income certificate structures. |
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A variable-rate certificate of deposit pays interest that can reset with market rates or a stated benchmark, changing income over the CD term.