| 释义 |
capped rate
noun[ C ]
ukus
FINANCE, PROPERTY
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.
capped-rate
adjective[ before noun ]
ukus
FINANCE, PROPERTY
a capped-rate loan is one with an interest rate that will not rise above an agreed rate for an agreed period of time:
a capped-rate mortgage/loan
If the home-buyer wants security against rising rates there are many capped-rate deals around.
|