cap
/kæp/ noun [C] FINANCEDefinition
› [C] an upper limit on the amount of money that can be spent or charged in connection with a particular activity: a price/salary/spending capa cap on sth They called for the government to keep the cap on public-sector spending.impose/remove a cap The letter of intent defined the work to be carried out and imposed a cap on cost.
› [C or U] abbreviation for capitalization : We are investing in companies with an average market cap of $400 million. → See also large-cap adjective, mid-cap adjective, small-cap adjective
(Definition of cap noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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