capped rate Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

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

“capped rate” in Business English

Word of the Day

hipster

someone who is very influenced by the most recent ideas and fashions

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 

awesomesauce noun
awesomesauce noun
February 01, 2016
slang the state of being extremely good or enjoyable or something or someone that is extremely good or enjoyable Recovering from the awesomesauce of another fab #Vidcon!!

Read More