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Cap. Limit on how much the interest rate can change in an ARM.
Ãâó: www.teamivey.com/glossary.html
Cap. Carrier-less Amplitude/Phase (CAP) modulation; incoming data modulates a single carrier that is then transmitted down a telephone line. The carrier itself is suppressed before transmission (it contains no information, and can be reconstructed at the receiver), hence the adjective "carrier-less." CAP and DMT are two modulation systems currently on the market for ADSL.
Ãâó: www.urisp.net/urisp_glossary.html
Cap. The maximum allowable increase, for either payment or interest rate, for a specified amount of time on an adjustable rate mortgage.
Ãâó: www.advahome.com/howto/glossary.asp
Cap. A limit on how much the variable interest rate may increase during the life of the plan.
Ãâó: www.home-equity-loans-wizard.com/home-equity-loan-...
Cap. In an ARM, a cap is a limit placed on the increase or decrease of the interest rate or monthly payments.
Ãâó: www.realestate-resources.com/loans-ebooks/loan-def...
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