| Cap. |
Adjustable Rate Mortgages have fluctuating interest rates, but those fluctuations are usually limited to a certain amount. Those limitations may apply to how much the loan may adjust over a six month period, an annual period, and over the life of the loan, and are referred to as "caps." Some ARMs, although they may have a life cap, allow the interest rate to fluctuate freely, but require a certain minimum payment which can change once a year. ...
출처: www.adrhi.com/real-estate-glossary-c.asp
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| Cap. |
A circular piece of wrapper leaf placed at the head of the cigar to secure the wrapper.
출처: www.online-cigar-store.com/cigar-glossary.shtml
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| Cap. |
Fruit skins, stems, and pulp that float to the surface during a fermentation. It is essential to "punch down" the cap into the wine during a red wine fermentation to extract valuable tannins and colored compounds as well as to discourage the proliferation of spoilage organisms in the cap.
출처: www.honeycreek.us/definitions.htm
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| Cap. |
a limit, such as that placed on an adjustable rate mortgage, on how much a monthly payment or interest rate can increase or decrease.
출처: www.mortgagenewstoday.net/mortgage-glossary.html
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| Cap. |
An optionlike contract for which the buyer pays a fee or premium, to obtain protection against a rise in a particular interest rate above a certain level. For example, an interest rate cap may cover a specified principal amount of a loan over a designated time period such as a calendar quarter. ...
출처: www.bigbooster.com/paths/offshore-glossary.html
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