Interest Rate Ceiling
The absolute maximum rate of interest that a financial institution can charge for an adjustable rate mortgage or loan.
INTEREST RATE CEILING - The interest rate ceiling is the highest interest rate possible under an ARM. Y...
INTEREST RATE COLLAR - a combination of caps and floors giving a range of minimum and maximum interest ...
Interest Rate Ceiling
Highest interest rate allowed to be charged on an adjustable rate mortgage.
Interest-only Loan
Loan, where only the interest is paid each month. Therefore, the outstanding amount of principal is not reduced.
Interest Rate Ceiling
For an adjustable-rate mortgage (ARM), the maximum rate of interest that a financial institution can charge for an adjustable rate mortgage or loan.
Interest rate ceiling
Related: interest rate cap.
Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Interest rate ceiling
The highest interest rate possible under an ARM contract; same as "lifetime cap." It is often expressed as a specified number of percentage points above the initial interest rate.
Interest rate ceiling
See: Interest rate cap
Interest rate floor
An interest rate agreement in which payments are made when the reference rate falls below the strike rate. Related: Interest rate cap.
Interest rate ceiling Related:
Interest rate floor An in which payments are made when the falls below the strike rate.
Also called an interest rate ceiling, an interest rate agreement in which payments are made when the reference rate exceeds the strike rate.
Interest rate ceiling
See: interest rate cap.
Interest rate cap Also called an interest rate ceiling, an interest rate agreement in which payments are made when the reference rate exceeds the strike rate. Interest rate ceiling See: interest rate cap.
Since Regulation Q interest rate ceilings were abolished under the Monetary Control Act of 1980, a significant portion of bank deposits are rate sensitive, including the six-month Money Market Certificate, the Money Market Deposit Account, ...
The Committee responsible for the orderly phase-out over a six-year period of interest rate ceilings on time and savings accounts at depository institutions.
The Depository Institutions Deregulation and Monetary Control Act of 1980 set a six-year timetable for the removal of interest rate ceilings, ...
The payer swaption is similar to a cap in that it provides an interest rate ceiling, but it has to be exercised to provide the fixed rate.
An interest rate agreement in which payments are made when the reference rate exceeds the strike rate. Also called an interest rate ceiling.
Interest rate on debt
The firm's cost of debt capital.
Interest rate ceiling ...
A law enacted by Congress in 1982 to enable banks and other savings institutions to compete more readily in the money market. It got rid of the interest rate ceiling that they once had to abide by, ...
In addition to interest rate ceilings on mortgages, the due-on-sale clause in mortgage contracts was not uniformly enforceable until 1982. Before, borrowers could transfer their lower-interest-rate mortgages to new homeowners when property was sold.
interest rate ceiling For an adjustable rate mortgage, the maximum interest rate that could be charged. interest rate collar A security which combines the purchase of a cap and the sale of a floor to specify...
 See also: Banks, Saving, Mergers, Savings account, Interest rate cap
  
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