Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,893,898,137 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

annual cap
(redirected from Annual Caps)

     0.01 sec.
Annual Cap
The maximum amount that an interest rate on an adjustable-ratemortgage may change in a single year. For example, an adjustable-rate mortgage may have an annual cap stating that the rate will not go up more than 1.5% each year. This concept is similar to an interest rate ceiling, but an annual cap does not specify a maximum interest rate. Instead, it limits the speed at which a rate increases.
annual cap

An agreed-upon limit on the amount an adjustable-rate mortgage may increase the interest rate each year.Consumer mortgages usually have annual caps; commercial mortgages usually do not.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Meanwhile, new rules for covering dependent children and the elimination of annual caps on certain benefits will almost certainly cause some employers' costs to rise.
Antidotes for health care reform costs? by Zeidner, Rita / HRMagazine
The regulations indicate many plans should be able to retain grandfathered status, but some consumer protections such as no lifetime or annual caps on how much insurers must pay, no matter whether they have grandfathered status, will be required for all plans after Sept.
Administration releases new health care rules: the regulations could ... by Modern Casting
Many companies have long for-sworn annual caps on most benefits but retained them on what might be considered auxiliary benefits, such as chiropractic care or occupational therapy.
One healthcare issue quieted, others ready to roar by Barlas, Stephen / Strategic Finance
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.