rate cap — ˈrate cap f2 [rate cap] noun (in the US) a limit placed on the amount of interest banks, etc. may charge … Useful english dictionary
rate-cap — rateˈ cap transitive verb • • • Main Entry: ↑rate … Useful english dictionary
Interest rate cap and floor — Interest rate c An interest rate cap is a derivative in which the buyer receives payments at the end of each period in which the interest rate exceeds the agreed strike price. An example of a cap would be an agreement to receive a payment for… … Wikipedia
Interest Rate Cap Structure — Limits to the interest rate on an adjustable rate loan frequently associated with a mortgage. There are several different types of interest rate cap structures including an initial, periodic and lifetime interest rate cap structure. The initial… … Investment dictionary
Periodic Interest Rate Cap — A part of an interest rate cap structure on loans and mortgages. The periodic interest rate cap limits the amount by which the interest rate on an adjustable rate loan can adjust at specified adjustment dates. For example, an adjustable rate… … Investment dictionary
Initial Interest Rate Cap — The maximum amount the interest rate on an adjustable rate loan can adjust on its first scheduled adjustment date. This is part of the interest rate cap structure on the loan, usually a mortgage, which helps to give borrowers some protection from … Investment dictionary
interest rate cap — Under a cap arrangement, the seller of the cap will make payments to the buyer if interest rates rise above an agreed rate. The payment to be made is calculated by reference to a notional principal sum over an agreed term. In return, the buyer… … Law dictionary
cap — cap·no·di·a·ce·ae; cap·no·di·um; cap·pa; cap·pagh; cap·pa·ri·da·ce·ae; cap·pa·ris; cap·pe·len·ite; cap·pel·let·ti; cap·pie; cap·po; cap·py; cap·ra; cap·ral·de·hyde; cap·rate; cap·ric; cap·ri·cor·nis; cap·ri·dae; cap·ri·fi·cate; cap·ri·fi·ca·tion; … English syllables
interest rate cap — See cap. American Banker Glossary An interest rate agreement in which payments are made when the reference rate exceeds the strike rate. Also called an interest rate ceiling. Bloomberg Financial Dictionary … Financial and business terms
Interest rate cap — Also called an interest rate ceiling, an interest rate agreement in which payments are made when the reference rate exceeds the strike rate. The New York Times Financial Glossary … Financial and business terms
