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The highest price, interest rate, or other numerical factor allowable in a financial transaction.


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.


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.


(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.

References in periodicals archive ?
We had no idea that textured ceilings might contain asbestos, but since we did not remove the material, there should have been no reason for testing.
The designer adds that ceilings are designed with the use of the space below in mind.
USG said the addition of Ceilings Plus is expected to further expand USG's product portfolio, accelerate innovation and enhance presence in the specialty ceilings market.
Decorating ceilings should be done before decorating the rest of a room because of splatters and drips, so if it's just the ceiling that needs attention, you'll have to paint with great care.
The best solution is hire a company that is experienced in cleaning ceilings and repairing the ceiling grid system, has the proper training and uses the proper cleaning compounds.
Cracked, stained or peeling ceilings can give a room an overall impression of being tired and unloved, and it's essential you give them as much care as any other painted surface.
The ceiling shown in this article had flaking texture, plus stains and holes, so covering it all with a new layer of drywall was actually faster and easier than repairing it.
ratings are not affected by the changes in the ceilings.
It must be stressed that there is no way to guarantee absolute safety after tampering in any way with asbestos; you must be the judge of whether your ceilings are firm and stable enough to attempt cleaning.
The operator of the Tokyo metropolitan expressway on Saturday began removing concrete ceiling panels from a tunnel near Tokyo's Handea airport, after the company found defects in fasteners during emergency checks ordered in the wake of a fatal ceiling collapse in a highway tunnel near Tokyo earlier this month.
The comprehensive range of appliances includes a hob oven and extractor fan has exposed ceilings beams and door to en basin, wc, and walk-in shower with limestone tiling bedroom which also has a dressing room beams and superb en suite bathroom with free standing roll edge bath, wash basin and wc.
The sustainability message is really getting through and we are returning to many design concepts that can be traced back to the 1930s, with higher ceilings, more natural light and less fluorescent lighting,' he says.