cap and collar

/ˌkæp ən 'kɒlə/ noun
an agreement giving both an upper and a lower limit to a loan

Dictionary of banking and finance. 2015.

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  • cap and collar — ˌcap and ˈcollar noun [singular] 1. BANKING an agreement by a lender not to go above or below certain interest rates on a particular loan: • The mortgage lenders have introduced a cap and collar deal with an upper rate of 7.75% and a floor of… …   Financial and business terms

  • cap and collar arrangement — England, Wales Similar to a pass through arrangement, this is an arrangement between a contracting local authority and a service provider that is an admitted body to the LGPS. As the LGPS is a defined benefit scheme, the employer s contribution… …   Law dictionary

  • cap and collar mortgage — One having a minimum (collar) and maximum (cap) rate of interest • • • Main Entry: ↑cap …   Useful english dictionary

  • cap and collar mortgage — A mortgage in which the variable interest rate paid by the borrower cannot rise above or fall below specified levels; such a mortgage may be granted for the first few years of a loan. See also capped mortgage …   Big dictionary of business and management

  • Interest rate cap and floor — Interest rate c An interest rate cap is a derivative in which the buyer receives payments at the end of each period in which the interest rate exceeds the agreed strike price. An example of a cap would be an agreement to receive a payment for… …   Wikipedia

  • Cap — (k[a^]p), n. [OE. cappe, AS. c[ae]ppe, cap, cape, hood, fr. LL, cappa, capa; perhaps of Iberian origin, as Isidorus of Seville mentions it first: Capa, quia quasi totum capiat hominem; it. capitis ornamentum. See 3d {Cape}, and cf. 1st {Cope}.] 1 …   The Collaborative International Dictionary of English

  • Cap in hand — Cap Cap (k[a^]p), n. [OE. cappe, AS. c[ae]ppe, cap, cape, hood, fr. LL, cappa, capa; perhaps of Iberian origin, as Isidorus of Seville mentions it first: Capa, quia quasi totum capiat hominem; it. capitis ornamentum. See 3d {Cape}, and cf. 1st… …   The Collaborative International Dictionary of English

  • Cap money — Cap Cap (k[a^]p), n. [OE. cappe, AS. c[ae]ppe, cap, cape, hood, fr. LL, cappa, capa; perhaps of Iberian origin, as Isidorus of Seville mentions it first: Capa, quia quasi totum capiat hominem; it. capitis ornamentum. See 3d {Cape}, and cf. 1st… …   The Collaborative International Dictionary of English

  • Cap of a cannon — Cap Cap (k[a^]p), n. [OE. cappe, AS. c[ae]ppe, cap, cape, hood, fr. LL, cappa, capa; perhaps of Iberian origin, as Isidorus of Seville mentions it first: Capa, quia quasi totum capiat hominem; it. capitis ornamentum. See 3d {Cape}, and cf. 1st… …   The Collaborative International Dictionary of English

  • Cap of liberty — Cap Cap (k[a^]p), n. [OE. cappe, AS. c[ae]ppe, cap, cape, hood, fr. LL, cappa, capa; perhaps of Iberian origin, as Isidorus of Seville mentions it first: Capa, quia quasi totum capiat hominem; it. capitis ornamentum. See 3d {Cape}, and cf. 1st… …   The Collaborative International Dictionary of English

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