Interest Rate Cap

Business / Finance / Interest Rate Cap: An agreement whereby one party, for an up-front premium, agrees to compensate the other at specific time periods if a designated interest rate (the reference rate) is different from a predetermined level (the strike rate).

Other Words for Cap

Cap Verb Synonyms: surpass, outdo, outstrip, better, beat, exceed, top, excel
Cap Noun Synonyms: hat, head covering
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Other Words for Interest

Interest Adjective Synonyms: concern, significance, importance, weight, moment, note, consequence
Interest Noun Synonyms: attention, attentiveness, concern, regard, curiosity, scrutiny, notice, engagement
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Other Words for Rate

Rate Verb Synonyms: measure, pace, gait, speed, velocity, clip
Rate Noun Synonyms: rank, grade, class, classify, evaluate, estimate, calculate, compute, count, reckon, judge, gauge, assess, appraise, measure
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Interest Cap

Business / Debt / Interest Cap: The maximum interest rate increase of an Adjustable Mortgage Loan. For example: a 120% loan with a 5% interest rate cap would have maximum interest for the life of the loan which would not exceed 17%. MORE

Cap

Business / Construction / Cap: The upper member of a column, pilaster, door cornice, molding, or fireplace. MORE

Interest Rate Futures Contract

Business / Finance / Interest Rate Futures Contract: An interest rate agreement in which payments are made when the reference rate falls below the strike rate. Related: Interest rate cap. MORE

Net Working Capital

Business / Finance / Net Working Capital: Current assets minus current liabilities. Often simply referred to as working capital. MORE

Netscape

Business / Search Engine Optimization (SEO) / Netscape: Originally a company that created a popular web browser by the same name, Netscape is now a social news site similar to Digg.com. MORE

Nightcap

Entertainment / Baseball / Nightcap: The second game of a doubleheader. MORE

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