capped rate Meaning in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “capped rate” in the English Dictionary

"capped rate" in Business English

See all translations

capped ratenoun [C]

uk   us  
FINANCE, PROPERTY an ​interestrate on a ​loan that will not ​rise above an ​agreedrate for an ​agreedperiod of ​time: A ​cappedrateguarantees your ​mortgage will not ​rise above a ​certainlevel.

capped-rateadjective [before noun]

uk   us  
FINANCE, PROPERTY a capped-rate ​loan is one with an ​interestrate that will not ​rise above an ​agreedrate for an ​agreedperiod of ​time: a capped-rate ​mortgage/​loan If the home-buyer ​wantssecurity against ​risingrates there are many capped-rate ​deals around.
(Definition of capped rate from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of capped rate?
Add Cambridge dictionaries to your browser to your website
Word of the Day

conker

the shiny brown poisonous nut of a horse chestnut tree

Word of the Day

Meerkat meme
Meerkat meme
by Colin McIntosh,
September 03, 2015
Meerkats are not new to popular culture (they appear in the folk tales of the San people of the Kalahari), but their arrival in the public’s consciousness, at least in the UK and the US, is a relatively recent phenomenon. Meerkats are small, sociable Southern African mammals that live in large family

Read More 

parklet noun
parklet noun
August 31, 2015
a public outdoor space that may be associated with a local business but where anyone can sit Pop-up cafes in NY are what’s actually called parklets in many other places around the country.

Read More