Cap

(redirected from College of American Pathologists)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.

Cap

An upper limit on the interest rate on a floating-rate note (FRN) or an adjustable-rate mortgage (ARM). Also, an OTC derivatives contract consisting of a series of European interest rate call options; used to protect an issuer of floating-rate debt from interest rate increases. Each individual call option within the cap is called a caplet. Opposite of a floor.

Cap

1. Informal for market capitalization.

2. In a floating-rate note or an adjustable-rate mortgage (ARM), the highest possible interest rate. For example, if one has an adjustable-rate mortgage on a house, the interest rate fluctuates periodically. However, if the homeowner has a cap on the interest rate, there is a guarantee that it will never rise above a certain percent, no matter what the ARM formula would otherwise dictate. A cap is designed to protect the person or company making the interest payments. See also: Floor, Collar.

cap

1. An upper limit on the interest rate to be paid on a floating-rate note.

Cap.

A cap is a ceiling, or the highest level to which something can go.

For example, an interest rate cap limits the amount by which an interest rate can be increased over a specific period of time. A typical cap on an adjustable rate mortgage (ARM) limits interest rate increases to two percentage points annually and six percentage points over the term of the loan.

In a different example, the cap on your annual contribution to an individual retirement account (IRA) is $4,000 for 2006 and 2007 and $5,000 in 2008, provided you have earned at least that much. If you're 50 or older, you can make an additional catch-up contribution of $1,000 each year.

CAP

see COMMON AGRICULTURAL POLICY.

cap

A ceiling on the adjustments that can be made in the payments or interest rate of an adjustable-rate loan.

Cap

Same as Float-Down.

References in periodicals archive ?
Precision in gynecologic cytologic interpretation: a study from the College of American Pathologists Interlaboratory Comparison Program in Cervicovaginal Cytology.
Dr Sarewitz is the chair of the Checklist Committee for the Laboratory Accreditation Program at the College of American Pathologists.
The College of American Pathologists offers laboratories the opportunity to be measured against the quality standards outlined by the International Organization of Standardization.
The agreement means that the College of American Pathologists Proficiency Testing program will use highly tested reference microorganisms from ATCC in proficiency test panels it provides to its customers.
was congratulated by the College of American Pathologists for the accreditation and the excellent services being provided by MRL.
15, 2014 /PRNewswire/ -- Guardant Health, a healthcare company focused on the development and commercialization of oncology diagnostic products, today announced that it has received accreditation by the College of American Pathologists (CAP) based on results of a recent on-site laboratory inspection.
Bruner, whose areas of special interest include cytopathology and hematopathology, is a laboratory inspector for the College of American Pathologists (CAP) Laboratory Accreditation Program.
Robboy, MD, FCAP, of Durham, North Carolina, was named the 2014 Pathologist of the Year by the College of American Pathologists (CAP).
10, 2014 /PRNewswire-USNewswire/ -- The College of American Pathologists (CAP) recognized six CAP junior members for their outstanding scientific posters and original research at a special ceremony at the College's annual meeting, CAP'14-THE Pathologists' Meeting(TM), taking place today through Sept.
ACM-Pivotal, the global central laboratory that continually defines the customer-service standard with its inherently flexible approach, today announced that its European facility has received certification by the College of American Pathologists (CAP) based on the results of a recent on-site inspection of its central laboratory in York, England.

Full browser ?