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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 ?
T MIGHT not be the most obvious feature to make over, but the fifth wall, or the ceiling as it is more commonly known, is fast becoming one of the hottest design features in the home.
Ceiling tiles and panels seek extensive adoption in interior construction, so as to improve the overall acoustic insulation and aesthetics.
The global metal ceilings market is predicted to garner a CAGR of 4.2% during the forecast period (2016-2022), Market Research Future (MRFR) unveils in its latest report.
Although what Reich saw in the museum isn't realistic to replicate in the average home, she believes ceilings in any kind of room -- livings rooms, bedrooms, dining rooms, powder rooms -- can be enhanced.
WOODEN CEILINGS NEED EXTRA CARE Another type of ceiling is the tray ceiling, often used in hotels and restaurants.
(NYSE: USG) has agreed to acquire specialty ceiling product manufacturer Ceilings Plus for USD 52m to expand its ceiling portfolio, the company said.
Here's how to fix them up: Ceilings get stained by things like water leaks, candles, light bulbs, and smoke from real wood fires.
Floors are certainly cleaned on a daily basis and maybe walls are cleaned periodically but what about ceilings?
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.
Here's a tip that applies to most paint jobs but is even more important for ceilings. You want to get as much paint on the ceiling as you can in the shortest amount of time possible while minimizing spatters.
ratings are not affected by the changes in the ceilings.
Our building dates to the early 1970s and has popcorn-textured ceilings. The ceilings are painted.