cap

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cap

n. slang for maximum, as the most interest that can be charged on an "adjustable rate" promissory note.

cap

noun ceiling, greatest amount, lid, limit, maxiium amount

cap

verb complete, conclude, end, finish, finish off, get done, get through with, perfect, terminate
See also: culminate, culmination, finish, pinnacle, surpass

CAP

abbreviation for COMMON AGRICULTURAL POLICY.
References in periodicals archive ?
"The only thing not capped is nursing homes," says Bob Deist.
For a premium paid up front, borrowers are protected from a rise in short-term rates above the specified capped rate while benefiting from any subsequent rate declines.
To enter into a cap agreement, the purchaser and seller define the parameters of the desired cap coverage period: the capped index (prime, three-month LIBOR, etc.), the cap level or "strike," the term of the cap with a defined start date, payment dates, a termination date, the notional amount, and the premium to be paid to the seller.