cap and collar Meaning in the Cambridge English Dictionary
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Meaning of “cap and collar” in the English Dictionary

"cap and collar" in Business English

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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)
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