capped rate noun Meaning in Cambridge Business English Dictionary
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Meaning of "capped rate" - Business English Dictionary

capped rate

noun [C]
 
 
FINANCE, PROPERTY an interest rate on a loan that will not rise above an agreed rate for an agreed period of time: A capped rate guarantees your mortgage will not rise above a certain level.
(Definition of capped rate noun from the Cambridge Business English Dictionary © Cambridge University Press)
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