what CAP refers to?

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2007-03-20 20:28:45 · 1 answers · asked by nannas 1 in Business & Finance ➔ Investing

1 answers

Definition 1
The highest interest rate that can be paid on a floating-rate bond, or the highest rate that an adjustable rate mortgage can rise to in a specified period of time.
Definition 2
An abbreviation for capitalization, as in market cap.
Related Terms
capped-style option, interest rate cap, lifetime cap, interest rate collar

2007-03-20 23:48:04 · answer #1 · answered by gosh137 6 · 0⤊ 0⤋