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Related to Ceiling: debt ceiling


The highest price, interest rate, or other numerical factor allowable in a financial transaction.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


The maximum interest rate that may be charged on a contract or agreement. For example, an adjustable-rate mortgage may have an interest rate ceiling stating that the rate will not go over 9% even if the formula used to calculate the interest rate would have it do so. An interest rate ceiling reduces the risk of the party paying the interest. It is also called an interest rate cap. See also: Interest Rate Floor.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


If there is an upper limit, or cap, on the interest rate you can be charged on an adjustable-rate loan, it's known as a ceiling.

Even if interest rates in general rise higher than the interest-rate ceiling on your loan, the rate you're paying can't be increased above the ceiling.

However, according to the terms of some loans, lenders can add some of the interest they weren't allowed to charge you because of the ceiling to the total amount you owe. This is known as negative amortization.

That means, despite a ceiling, you don't escape the consequences of rising rates, though repayment is postponed, often until the end of the loan's original term.

Ceiling can also refer to a cap on the amount of interest a bond issuer is willing to pay to float a bond. Or, it's the highest price a futures contract can reach on any single trading day before the market locks up, or stops trading, that contract.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.


(1) The uppermost surface of a room or space. When a lease makes all improvements “below ceiling”the responsibility of the tenant,one must ask if “ceiling”means the concrete bottom of the floor above,or if it means the suspended grid system with ceiling tiles.The space in between the two is called the plenum.All the wiring,plumbing,and ductwork go through the plenum,so the choice of which surface is the “ceiling”could mean a substantial difference in tenant responsibilities.

(2) An upper limit on something,such as the IRS ceiling of $1,000,000 worth of home mortgage debt for which one can deduct mortgage interest.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
If you don't want a central, single light, there are a wealth of options; low slung pendants in vibrant colours, chandeliers which will create beautiful, playful patterns on the ceiling or rustic pieces that will create an entirely new vibe.
Ceiling tiles are produced by using naturally occurring raw materials that are abundantly available and are renewable.
Reich recently posted an Instagram photo of an ornate ceiling at the Walters Art Museum in Baltimore.
A ceiling can be embellished with different materials such as plastic, PVC, wood, or even metal.
M2 EQUITYBITES-November 15, 2017-Building Materials Maker USG to Acquire Ceilings Plus for USD 52m
Another good solution is to paper the ceiling with lining paper, or have the ceiling replastered.
"One of the biggest concerns for the contractor or property manager is matching the existing ceiling texture without sacrificing too much time on the job," said Mark Hembree, senior marketing manager--adhesives, sealants and finishing systems, PPG Architectural Coatings.
Throw the ball to the ceiling in the middle of the court and return it to the ceiling down the left wall.
Another good long-term solution is to paper the ceiling with lining paper, or to have the ceiling replastered.
2 Sand before you paint Over time, and as the layers of paint build up, bumps and crud can get stuck to the ceiling. On untextured ceilings, Bill starts with a quick once-over sanding with 100-grit drywall sanding paper.
1) The long-term LC bond ceiling was changed to A1 from 2;