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Related to cervical cap: spermicide


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.


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.


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


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.




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


Same as Float-Down.

References in periodicals archive ?
Limited evidence suggests that the contraceptive effectiveness of the diaphragm and cervical cap may be moderately more effective when used with a spermicide than without.
Richwald's team found no serious medical complications with the cervical cap, although more than 20 percent of the women in their study reported cap dislodgement during or after intercourse.
using contraception use diaphragms or cervical caps, compared to 27 percent who use oral contraceptive pills.
The Prentif Cavity-Rim Cervical Cap is a helmet-shaped, rubber device which, when used with spermicide, acts as a physical and chemical barrier to sperm.
The cervical cap remained the least cost-effective method with either typical or perfect use.
4 percent, which, according to family planning experts, is about the same as for such other barrier contraceptives as the diaphragm, sponge and cervical cap.
James Trussell, "the contraceptive efficacy of the female condom during typical use is not significantly different from that of the diaphragm, the sponge or the cervical cap.
YEARLY TYPICAL USE FAILURE RATES Six Months % One Year %(a) Reality female condom 12 25 Male latex condom 8 15 Cervical Cap 10 18 Diaphragm 8 15 Sponge 12 17 Unprotected Sex 61 85 (a) -- Yearly typical use failure for Reality were estimated by doubling the six-month pregnancy rate.
B) Pregnancy rates for Reality, Cervical Cap, Diaphragm and Sponge
The Advisory Panel reviewed a 6-month contraceptive efficacy study which showed that Reality provides protection similar to other barrier contraceptives controlled by women, like the contraceptive sponge, cervical cap and diaphragm.