ceiling

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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 ?
Fry (1997) expressed four ways a repressed economy could be distorted by low interest rate ceilings:
During the past year, a number of banks have also started offering mortgage loans with interest rate ceilings. These are floating-rate loans, but borrowers are protected against interest rates above a certain level.
In addition, the phasing out and eventual elimination of Regulation Q interest rate ceilings in 1986 enabled banks to compete with nonbank financial intermediaries for such funds.
Finally, the interest rate ceiling associated with each loan was determined on the basis of the loan size, term-to-maturity, and the type of loan law governing the transaction.
Apart from lowering the interest rate ceiling, the proposed legislation contains tough punishments for lenders who resort to coercive collection tactics.
In 2013, Central Bank of Oman's loan interest rate ceiling was fixed at six per cent per annum for personal and housing loans and some of the banks in Oman offer rates of less than 4 per cent to lure more customers.
Reduce the interest rate ceiling from 36 to 24 percent to reduce incentives for aggressive lending.
The CBO has taken numerous measures including consecutive reduction of interest rate on personal loans and the latest action was in October 2013 where a circular was issued to all commercial banks in the Sultanate to reduce interest rate ceiling on personal loans from 7 per cent to 6 per cent per annum.
"With effect from March 1, the interest rate ceiling will revert to the position prior to August 14, 2013, which means that interest rates offered by banks on NRE deposits cannot be higher than those offered by them on comparable domestic rupee deposits," the RBI said in a statement.
The CBO decision to lower interest rate ceiling to 6 per cent will be affecting the interest income growth of the banks.
Summary: Muscat: Last week, the personal loan interest rate ceiling was reduced to six per cent ...
The apex bank last year brought down interest rate ceiling on new personal loan to 7 per cent from 8 per cent, offering relief to bank borrowers.