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Interest rate cap

   Also found in: Wikipedia 0.06 sec.
Interest rate cap
An interest rate agreement in which payments are made when the reference rate exceeds the strike rate. Also called an interest rate ceiling.
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04 percent - less than the board's planned interest rate cap.
WATER AGENCY GETS LOW-INTEREST BONDS by Daily News (Los Angeles, CA)
In addition, an interest rate cap on both "key-person" and pre-1986 contracts was added; the cap is based on the Moody's Corporate Bond Yield Average and is effective for interest paid after Dec.
Interest expense deductions on COLI loans after TRA '97 by Belkin, Eileen W. / The Tax Adviser
VaPERL urges lawmakers to repeal the Payday Loan Act and require that payday lenders operate under the same 36 percent interest rate cap that applies to other small loan lenders in the Commonwealth.
Report Reveals Same Payday Lending "Reforms" Proposed in VA Fail to ... by Business Wire
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