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Also available:
World English Dictionary
Dictionnaire Français
interest rate cap
in·ter·est rate cap
(
plural
in·ter·est rate caps
)
noun
Definition:
upper limit on interest rate:
an upper limit on the interest rate that applies to a loan, e.g. an adjustable rate mortgage
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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