Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,899,301,991 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
?

lifetime cap

    0.01 sec.
Lifetime Cap
The maximum interest rate on an adjustable rate loan that may be charged over the total repayment period. For example, a loan may be made at 5% with a 7% lifetime cap, meaning the interest rate cannot rise above 7%.
lifetime cap

See life-of-loan cap.
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?
 
The lifetime cap, on the other hand, is the percentage increase limit of your interest rate during the entire life of the loan, or loan term.
Finance Your Miami Luxury Condos with An ARM Minus the Leg by Mark Michael Ferrer / Real estate industry community
The worst insurance abuses will be outlawed - no more pre-existing condition exclusions or denials; no more cancellations or non-renewals of your policy because you became seriously ill; no hidden annual or lifetime caps and coverage exclusions in small print.
Health care reform bill addresses many ills of the system by The Register-Guard (Eugene, OR)
The overall credit is tripled from 10% to 30% of qualifying expenditures, subject to a lifetime cap of $1,500 (formerly $500).
Clean energy gets a tax jolt by Bonner, Paul / Journal of Accountancy
 
 
 
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.