capped-rate
adjective [before noun]Definition
› FINANCE, PROPERTY a capped-rate loan is one with an interest rate that will not rise above an agreed rate for an agreed period of time: a capped-rate mortgage/loan If the home-buyer wants security against rising rates there are many capped-rate deals around.
(Definition of capped-rate adjective from the Cambridge Business English Dictionary
© Cambridge University Press)
Browse the Dictionary
Browse the Thesaurus
More Results for “capped-rate”
Our dictionaries
Word of the Day
Blog
Read our blog about how the English language behaves.
New Words
Find words and meanings that have just started to be used in English, and let us know what you think of them.
