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cap (non-economic use (hat (a shower/swimming cap, a hat given to someone…
cap
non-economic use
(EXPLOSIVE)
a very small amount of explosive powder in a paper container, used especially in toy guns to produce a loud noise
hat
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a hat given to someone who plays for their national team in a particular sport, or a player who receives this
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Limit
a limit on the amount of money that can be charged or spent in connection with a particular activity:
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Limit
to put a limit on the amount of money that can be charged or spent in connection with a particular activity:
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Economic use
A cap is a ceiling, or the highest level to which something can go. For example, an interest rate cap limits the amount by which an interest rate can be increased over a specific period of time.
Meaning
An upper limit on the interest rate on a floating-rate note (FRN) or an adjustable-rate mortgage (ARM).
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