0 an interest rate on a loan that will not rise above an agreed rate for an agreed period of time:
A capped rate guarantees your mortgage will not rise above a certain level.
1 a capped-rate loan is one with an interest rate that will not rise above an agreed rate for an agreed period of time:
If the home-buyer wants security against rising rates there are many capped-rate deals around.
a capped-rate mortgage/loan
NEW WORDS
European
May 10, 2021
WORD OF THE DAY
Shimmer
capped rate