"floorlet" meaning in English

{
  "etymology_templates": [
    {
      "args": {
        "1": "en",
        "2": "floor",
        "3": "let"
      },
      "expansion": "floor + -let",
      "name": "suffix"
    }
  ],
  "etymology_text": "From floor + -let.",
  "forms": [
    {
      "form": "floorlets",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "floorlet (plural floorlets)",
      "name": "en-noun"
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  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
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        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
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          "source": "w"
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          "name": "English terms suffixed with -let",
          "parents": [],
          "source": "w"
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          "parents": [],
          "source": "w"
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          "langcode": "en",
          "name": "Finance",
          "orig": "en:Finance",
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            "Economics",
            "Society",
            "Social sciences",
            "All topics",
            "Sciences",
            "Fundamental"
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          "source": "w"
        }
      ],
      "glosses": [
        "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."
      ],
      "id": "en-floorlet-en-noun-mja7esQH",
      "links": [
        [
          "finance",
          "finance#Noun"
        ]
      ],
      "raw_glosses": [
        "(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."
      ],
      "topics": [
        "business",
        "finance"
      ]
    }
  ],
  "word": "floorlet"
}

{
  "etymology_templates": [
    {
      "args": {
        "1": "en",
        "2": "floor",
        "3": "let"
      },
      "expansion": "floor + -let",
      "name": "suffix"
    }
  ],
  "etymology_text": "From floor + -let.",
  "forms": [
    {
      "form": "floorlets",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "floorlet (plural floorlets)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
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        "en:Finance"
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      "glosses": [
        "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."
      ],
      "links": [
        [
          "finance",
          "finance#Noun"
        ]
      ],
      "raw_glosses": [
        "(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."
      ],
      "topics": [
        "business",
        "finance"
      ]
    }
  ],
  "word": "floorlet"
}