Interest Rate Ceiling
The maximum interest rate that a financial institution can charge a borrower for an adjustable rate mortgage or loan according to the contractual terms of the mortgage or loan.
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.
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
Related: Interest rate cap ...
Interest rate capAlso called an interest rate ceiling, an interest rate agreement in which payments are made when the reference rate exceeds the strike rate.
In the case of an interest rate cap, if the contractually agreed interest rate ceiling is exceeded on the interest determination date by a reference interest rate, ...
A certificate of deposit of $100,000 or more, exempt from regulatory interest rate ceilings and usually paying a market rate of interest.
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: Interest, Interest Rate, Market, Assign, Trading
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