ceiling

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Related to Interest-Rate Cap: Interest rate floor

ceiling

noun acme, altitude, apex, apogee, climax, extreme, extremity, farthest point, height, highest degree, highest point, limit, maximum, optimum, peak, pinnacle, record, roof, summit, tectum, top, ultimate, utmost, uttost extent, utmost height, uttermost, vertex, zenith
Associated concepts: maximum income ceiling, maximum rent ceiling
References in periodicals archive ?
Under the optimistic scenario (HC), should a provision against the carrying amount of the interest-rate cap be made?
Best's Financial Strength Ratings (FSR); collateral diversity; structural protection through the "waterfall" and other mechanisms; counterparty swaps and interest-rate cap protection; legal documentation; and ongoing monitoring of the transaction, as described below.
5% of the initial receivable balance; -- The maintenance of a reserve account to cover commingling risk; -- An ample cash reserve funded at closing to cover liquidity shortfalls that might occur in the event of a servicer replacement; -- The conclusion of an interest-rate cap agreement with Royal Bank of Scotland PLC (AA-/Positive/A-1+) to safeguard against interest rate risk; -- The establishment of CABS Ltd.