{"iri":"https://folio.openlegalstandard.org/RLjUh6xcnt4knFQvcaKH3w","label":"Variable Rate Interest Payment","sub_class_of":["https://folio.openlegalstandard.org/RCezn96rpy4oRcZgzT9ULlh"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"Adjustable Rate Interest Payment","alternative_labels":["Dynamic Interest Rate Payment"],"translations":{},"hidden_label":null,"definition":"A Variable Rate Interest Payment is a type of interest payment structure where the interest rate can change over the life of the debt instrument. This structure allows for interest rate adjustments based on predetermined factors such as market indices, step-up/step-down schedules, or other benchmarks, providing flexibility in response to changing economic conditions or issuer circumstances.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}