cap and collar Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “cap and collar” in the English Dictionary

"cap and collar" in Business English

See all translations

cap and collarnoun [S]

uk   us  
BANKING, FINANCE an ​agreement in which a ​financialorganization puts an upper (= the ​cap) and a ​lower (= the collar)limit on an ​interestrate for a ​loan, a ​shareprice, etc.: When ​interestrates are expected to ​rise, a cap and collar ​mortgage becomes more attractive to borrowers.
(Definition of cap and collar from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of cap and collar?
Add Cambridge dictionaries to your browser to your website
Word of the Day

carnival

(a special occasion or period of) public enjoyment and entertainment involving wearing unusual clothes, dancing, and eating and drinking, usually held in the streets of a city

Word of the Day

Chest pains and palpitations: talking about illness (2)
Chest pains and palpitations: talking about illness (2)
by Liz Walter,
February 03, 2016
My previous post (My leg hurts: Talking about illness (1)) presented some general vocabulary to use at the doctor’s. This one looks at some more specific areas of illness and explains some useful words and phrases that you may need to use or understand on a visit to the doctor’s. There are several

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More