What does Cap mean in contracts?
A cap is an interest rate limit on a variable rate credit product. It is the highest possible rate a borrower may have to pay and also the highest rate a creditor can earn. Interest rate cap terms will be outlined in a lending contract or investment prospectus.
What does Cap mean in law?
A cap is a set limit on some form of income, interest, fees, loan, or benefit. Examples of caps: A loan can have varying interest rates based on the market, but the loan can have a maximum or cap rate of interest.
What is the meaning of CAP payment?
Cap Payment(s) means, for the Interest Rate Cap Agreement, the amount, if any, owed by the Cap Counterparty to the Issuing Entity on any Payment Date (excluding any Cap Termination Payments) which shall be deposited in the Collection Account.]
What is CAP limit?
Cap Limit means the maximum amount of credit granted by you to a Buyer that we are prepared to cover under this CAP / CAP+ Policy (as specified in an Additional Limit notification), where your Primary Limit on that Buyer is insufficient for your needs.
What is the full meaning of cap?
1 : a head covering and especially one having a visor and no brim. 2 : something that serves as a cover or protection for something a bottle cap. 3 : a part that forms the top of something a mushroom cap. 4 : an upper limit a cap on spending.
What does cap stand for in business?
Corporate Action Plan (various businesses) CAP.
Does CAP mean Max?
a maximum limit, as one set by law or agreement on prices, wages, spending, etc., during a certain period of time; ceiling: a 9 percent cap on pay increases for this year. Mycology. the pileus of a mushroom. Botany.
What is CAP certified?
What is CAP®? The Certified Analytics Professional (CAP) certification is a trusted, independent verification of the critical technical expertise and related soft skills possessed by accomplished analytics and data science professionals, and valued by analytics-oriented organizations.
How does a cap option work?
A capped option limits, or caps, the maximum possible profit for its holder. When the underlying asset closes at or beyond a specified price, the option automatically exercises. For capped call options, the option exercises if and when the underlying closes at or above the predetermined level.
What is cap limit?
Does cap meaning maximum?
a maximum limit, as one set by law or agreement on prices, wages, spending, etc., during a certain period of time; ceiling: a 9 percent cap on pay increases for this year.
What are the different types of cap contracts?
Any of the Class A-1 Cap Contract, the Class A-2 Cap Contract or the Subordinate Certificates Cap Contract. Cap Contract. The Cap Contract between the Trustee and the counterparty thereunder, a form of which is attached hereto as Exhibit O. Cap Contract.
What is a cap contract in a trust?
Cap Contract. The cap contract between the Trust Administrator on behalf of the Trust and the counterparty thereunder relating to the Class A Certificates and the Mezzanine Certificates. Cap Contract.
What is the cap contract of Greenwich Capital?
Cap Contract. The Cap Contract between the Trustee and the counterparty thereunder, a form of which is attached hereto as Exhibit O. Cap Contract. The Cap Contract between Greenwich Capital Derivatives, Inc. and the counterparty thereunder, assigned to the Trustee pursuant to Section 2.01, a form of which is attached hereto as Exhibit O.
What is a cap contract Bear Stearns?
Cap Contract. The amended confirmation and agreement and any related confirmation thereto, between the Trustee and Bear Stearns Financial Products, Inc. (in the form of Exhibit N hereto). Cap Contract. The cap contract between the Cap Trustee on behalf of the Cap Trust and the Cap Provider in the form attached hereto as Exhibit I.