variable rate demand note meaning

• [Finance]
  A debt instrument that represents borrowed funds that are payable on demand and accrue interest based on a prevailing money market rate, such as the prime rate. The interest rate applicable to the borrowed funds is specified from the outset of the debt, and is typically equal to the specified money market rate plus an extra margin.

• Another $ 700 million in notes were sold as variable rate demand notes, on which interest rates are reset on a daily, weekly or monthly basis.
• Another $ 750 million in notes were sold as variable rate demand notes, on which interest rates are reset on a daily, weekly or monthly basis.
• Geithner described its " entities " : " In early 2007, asset-backed commercial paper conduits, in structured investment vehicles, in auction-rate preferred securities, tender option bonds and variable rate demand notes, had a combined asset size of roughly $ 2 . 2 trillion.
• He described the significance of these entities : " In early 2007, asset-backed commercial paper conduits, in structured investment vehicles, in auction-rate preferred securities, tender option bonds and variable rate demand notes, had a combined asset size of roughly $ 2 . 2 trillion.

• "variable rate demand note" meaning in Chinese: 沽期可变利率票据