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Cap. The Maximum interest rate that can be credited to your equity index annuity policy in a policy year or over the term of the policy.
Ãâó: www.1advantagefixedannuityrates.com/annuity_glossa...
Cap. A limit on how much an adjustable rate mortgage's monthly payment or interest rate can increase. A cap is meant to protect the borrower from large increases and may be a payment cap, an interest cap, a life-of-loan cap or periodic cap. A payment cap is a limit on the monthly payment. An interest cap is a limit on the amount the interest rate can increase. A life-of-loan cap restricts the amount the interest rate can increase over the entire term of the loan. ...
Ãâó: www.megamortgage.net/glossary/c.html
Cap. A maximum amount of charge. For example: An Adjustable Rate Mortgage with a 5% rate cap could not adjust the interest rate by more than 5%.
Ãâó: www.mortgage-mortgages.com/mortgage_dictionary.htm
Cap. A provision of an ARM limiting how much the interest rate or mortgage payments may increase.
Ãâó: marketside.com/mortgage/mortgage.cgi/mortgage_dict...
Cap. Betting will be capped after it has been raised three times in one round. After this, players have two options: call or fold.
Ãâó: www.wildjackpoker.com/terms.php
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