Definition von rate-cap im Englisch Englisch wörterbuch
A rate cap is a limit placed by the government on the amount of interest that banks or credit card companies can charge their customers
In Britain, when a local council was rate-capped, the government prevented it from increasing local taxes called rates, in order to force the council to reduce its spending or make it more efficient. Notts County Council is to cut 200 jobs in a bid to escape being rate-capped. + rate-capping rate-capping The project is seriously threatened by rate-capping
{i} capitalization rate, interest rate for calculating the present value; method for converting an estimate of income expectancy of one a single year into an indication of value in one direct step by dividing the income estimate by a proper rate
This is the maximum amount that the interest rate can increase or decrease during the full term of the loan, usually associated with adjustable rate mortgages
The limit on the amount the interest rate can be increased at each adjustment period in an adjustable rate loan The cap may also set the maximum interest rate that can be charged during the life of the loan (See adjustable rate mortgages (ARMs))
(mortgage term) Protective device in some ARMS that sets a maximum amount that interest rates may rise or decrease annually and over the life of the loan
The limit on the amount the interest rate can be increased at each adjustment period in an adjustable-rate loan The cap may also set the maximum interest rate that can be charged during the life of the loan