Fixing a maximum dealing price. Bluffers point out that the opposite, a collar or minimum price, stops you risking your neck when dealing.
Putting the last allowed raise into the pot on a betting round. In most online games this is typically the third or fourth raise.
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.
the number of times a raise can be reraiseed, online games bets usually can be raised 3 times
The maximum number of raises allowed in each round of betting. It is common to see 4 bets per round as the cap (one bet and three raises).
A limit on how high a variable interest rate can go.
Associated with Adjustable Rate Mortgages. A limit on how high monthly payments or how much interest rates may change within a certain time period or the life of the mortgage.
An option like contract for which the buyer pays a fee or premium, to obtain protection against a rise in a particular interest rate above a certain level. For example, an interest rate cap may cover a specified principal amount of a loan over a designated time period such as a calendar quarter. If the covered interest rate rises above the rate ceiling, the seller of the rate cap pays the purchaser an amount of money equal to the average rate differential times the principal amount times one quarter.
An interest rate option which protects the holder from an increase in interest rates. The holder, by exercising, receives a cash settlement representing the difference between the strike level and the underlying interest rate, should the latter be higher for the set period. Caps have a life of normally between two and five years. The option can be exercised at regular intervals (e.g. every six months) during the life of the cap. Originally created by banks to protect issues of floating rate debt. See Floor.
or ceiling - the upper limit of a floating interest rate.
Limit. A maximum amount per play set for a particular game.
When you cant raise any more in a round you may either call or fold.
To make the last and final of a Betting Round Raises, based on the maximum number of permissible Raises per Betting Round in that Poker game.
The limit used to describe the third raise in a round. Betting is capped and players can only call or fold.
The limitation applied to how much the adjustable rate mortgage loan may increase or decrease over a six month period, an annual period, and over the life of the loan. This safeguard protects the buyer from dramatic changes in monthly payments.
This is the term commonly used to refer to legal limits on the budget authority and outlays for each fiscal year provided in by discretionary appropriations. A sequester is required if an appropriation for a category causes a breach in the cap.
The maximum amount the insurer will pay for medications for a specified certain period. Plans may have a yearly cap or a lifetime cap
A "cap" is a legal limit on total annual discretionary spending.
(1) Change Cap - an interest rate cap that limits the increase on the interest rate from one adjustment period to the next. (2) Life Cap - an interest rate cap that limits the increase rate over the life of the loan.
A limit placed on an adjustable rate mortgage as to how much the interest rate or mortgage payments may increase or decrease.
A limit to the amount the interest rate or the monthly payment of an ARM can increase, either during an adjustment period or over the life of the loan.
The highest limit of the interest rate on an Adjustable Rate Mortgage (ARM).
The maximum increase the an Adjustable Rate Mortgage (ARM) can change, either at each adjustment or during the life of the mortgage. Example: If the original loan was made at 10% with a 5% cap, the interest on the loan may not exceed 15% regardless of market conditions.
Limit placed on the number of adjustments in order to protect the borrower from large increases in interest rates or payment levels.
A limit on the increase of an adjustment rate or the mortgage payment for an adjustable-rate mortgage (ARM).
a limitation on the amount by which an adjustable interest rate may change during a specified time period
An ARM loan provision that limits the increase or decrease of an interest rate adjustment.
The maximum rate to which a variable rate mortgage can increase during the life of the loan.
a ceiling usually found on ARM loans expressed as per a period or for the life of the loan.
Maximum payments which will be made under a policy of insurance.
A maximum amount of charge. For example: An Adjustable Rate Mortgage with a 5% rate cap could not adjust the interest rate by more than 5%.
Maximum interest rate that can be credited to an annuity contract. The cap rate can vary from no cap to a fixed percentage.
The maximum payout of a call option. Also known as a call spread
A maximum limit on the interest rate of a floating rate security. The coupon can not reset above the Cap throughout the life of the security.
In Limit poker, the highest possible pot or bet.
When the maximum of raises possible on a betting round is reached.
The maximum amount the mortgage rate can change annually or over the life of the loan on an adjustable rate mortgage (ARM). Example: The caps on a 7% ARM are 2% annual and 6% over the life of the loan. The mortgage rate can rise to no more than 9% in the first year. Also, the rate may rise to no more than 13% over the life of the loan.
Used with variable- or adjustable-rate loans. Refers to the maximum allowable adjustment in interest rate.
A provision of an ARM limiting the interest rate or mortgage payment's increase.
A limitation on the interest rate increase for a specified period and over the life of the loan.
On an adjustable rate mortgage (ARM), the maximum amount the mortgage rate can change annually over the life of the loan. Example: if the caps on a 7% ARM are 2% annually and 6% over the life of the loan, the mortgage rate can rise to no more than 9% the next year and to no more than 13% over the life of the loan.
A limit on the amount of increase or decrease that applies to an interest rate or payment change on adjustable rate mortgages (ARMs). Cap terms are set in the loan agreement.
a contract that allows the purchaser to put a ceiling on the contractual interest rate of a liability.
A limit on how much a monthly payment or interest rate can increase or decrease. Usually associated with an adjustable rate mortgage.
In Limit, to make the maximum amount of raises allowed in a betting round. A common cap seen in internet games is 4 bets per round (in other words, one bet and three raises).
The stated maximum amount that the interest rate can increase or decrease on an adjustable-rate mortgage ( ARM).
Reaching the maximum allowable amount of betting at a table (usually from raising or re-raising.)
The statutory maximum amount payable by the guaranty association on an individual covered claim. For claims arising out of receiverships instituted on or after September 1, 1997, the cap is $300,000 or the limits of the policy, whichever is less.
Consumer safeguard on a ARM (Adjustable Rate Mortgage) which limits the amount monthly payment may change.
A supply contract between a buyer and a seller, whereby the buyer is assured that he will not have to pay more than a given maximum price. This type of contract is analogous to a call option.
One of two types of limits for the interest rate on an ARM. The life cap limits the highest or lowest interest rate that is allowed over the life of a mortgage. The periodic cap limits the amount that an interest rate can change in an adjustment period, such as a year.
When a player puts in the last raise allowed on a betting round.
a limit placed on how high an interest rate the lender can charge.
The maximum interest rate increase allowable on an adjustable rate mortgage. Does not result in negative amortization. See Negative amortization.
The maximum payment amount increase allowable on an adjustable rate mortgage. May result in negative amortization. See Negative amortization.
There can only be a maximum of three raises in any given betting round. The last raise is called the cap
a limit on how much the interest rate can change in an adjustable rate mortgage.
Placing the last raise allowed on a betting round (typically the third or fourth raise).
A limit on the amount the interest rate or monthly payment can increase in an variable rate loan.
(also variations such as Monthly Cap, Account Cap) The limit to the amount of money an advertiser elects to spend on BidSmartâ„¢.
Used on an adjustable rate mortgage, it is the maximum allowable increase, for either payment or interest rate, for a specified amount of time on the loan.
This is a condition written into an ARM that determines how high the interest rate or mortgage payments can go up.
A limit placed on payments, interest rates and/or the balance of a loan. Caps can limit increases by either a dollar amount or a percentage.
(interest rate): Refers to the maximum allowable interest rate increase on an adjustable-rate mortgage. Such "caps" are generally applied both to the periodic changes, as well as the absolute changes in the interest rate over the life of the loan.
A provision limiting how much the interest rate or payments can increase on an ARM
Dictates how much the interest rate or monthly payments for an ARM loan may increase.
To take the last of the maximum amount of raises allowed per round of betting.
An agreement with a counterparty that sets an upper limit to interest rates in order to insure the cap buyer against the interest rate rising above a certain rate for a stated time. (1) Bonds: highest level interest rate can be paid on a floating-rate debt instrument. (2) Mortgages: highest interest rate level that an adjustable-rate mortgage (ARM) can rise to over a particular period of time. (3) Stocks: short for capitalization or the total current value of a company's outstanding shares in dollars.
In an ARM, a cap is a limit placed on the increase or decrease of the interest rate or monthly payments.
The maximum indexed interest rate that can be credited during a term of a fixed-indexed annuity.
In adjustable rate mortgage the limit on how much the interest rate or monthly paymnet can change.
Is the ceiling, upper limit price, or interest rate which would be paid. It is analogous to a long call position.
A limit placed on the number of bets placed by each player per round.
A maximum amount or telling that can be charged.
In an adjustable-rate mortgage, limit as to how much interest rate or mortgage payments may increase or decrease.
A limit on an adjustable rate mortgage (ARM), which determines how much the interest rate can increase
The maximum allowable interest rate or payment increase on adjustable-rate mortgages.
For an adjustable-rate mortgage (ARM), a limitation on the amount the interest rate or mortgage payments may increase or decrease.* See also "Lifetime Payment Cap," "Lifetime Rate Cap," "Periodic Payment Cap," and "Periodic Rate Cap"
The maximum amount a payment or interest rate can change either at adjustment time or over the life of the loan.
This refers to the last raise permitted during a betting round. Typically in online games, a round of betting consists of a bet followed by a maximum of 3 raises. The player putting in the third raise is “capping†the betting. Some live games cap the betting at the fourth raise, and some games, both online and live, feature no cap during the final round as long as the hand is being contested by only 2 players (a heads-up situation).
A ceiling or maximum rate of interest under a loan.
To protect borrowers against extreme increases in their monthly payments, adjustable-rate mortgages feature "caps," which are limits on how much the interest rate can increase.
The maximum payout of a call option. A cap refers to the level below which revenues due to weather conditions will not fall as a result of an option payout.
A limit on how much the interest rate or monthly payment can increase during the life of an adjustable rate mortgage.
A limit or cap on an adjustable rate mortgage which may change per year over the life of the loan.
see Interest Cap or Payment Cap immediately below.
the maximum, which an adjustable–rate mortgage may increase, regardless of index changes. An interest rate cap limits the amount the interest can change, while a payment cap limits the increase in monthly payment to a specific dollar amount.
A limit on how much the interest rate can change, either at each adjustment period or over the life of the loan.
The highest rate an Adjustable Rate Mortgage may reach, expressed as the actual amount of change allowed above the start rate.
In a limit game, betting the last amount allowed before the maximum allowed number of raises is reached.
A ceiling that limits how much the interest rate on your adjustable rate mortgage loan (ARM) may be adjusted. There are periodic caps, which limit how much your loan may be adjusted in one period, and a lifetime cap, which limits how much your loan may be adjusted over the life of the loan.
A consumer safeguard that limits the amount that monthly payments on an adjustable-rate mortgage may change.
A consumer safeguard that limits the amount the interest rate on an adjustable-rate mortgage may change per year and/or over the life of the loan.
a ceiling, usually found on ARM loans and can be expressed as per adjustment period.
A provision of an adjustable-rate mortgage (ARM) that limits how much the interest rate or mortgage payments may increase or decrease.
To put in the last raise permitted on a betting round. This is typically the third or fourth raise. Dealers in California are fond of saying "Capitola" or "Cappuccino."
The most the interest rate can adjust for an adjustable rate mortgage at adjustment intervals.
The amount of water that the States are entitled to divert from regulated streams within the Murray-Darling Basin Catchment on an annual basis
This only happens in a few styles of poker games. Does not pertain to no-limit hands. The cap is when the highest number of bets has been places and additional bids are not allowed. Each round has a specific amount of bets that can be placed before they are capped.
The number of raises allowed in a game.
The maximum amount that the interest rate or payment may increase for an adjustable-rate loan, regardless of index changes. An interest rate cap limits the amount the interest rate can change, while a payment cap limits the increase in monthly payment to a specific dollar amount.
The gross income eligibility limit for categorically needy medical assistance for the following types of cases: nursing home, HCBC-ECI, and HCBC-DD.
A limit on how much the loan interest rate may increase or decrease per adjustment and/or over the term of the loan for an adjustable-rate mortgage.
A limit on how much the variable interest rate can increase during the life of the plan.
A cap is a limit imposed on the number of raises and re-raises that may be placed in a single round of betting. Generally this cap is either three or four, however it is usually raised if only two players remain.
A provision of an ARM limiting how much the interest rate or mortgage payments may increase or decrease in any single adjustment or over the life of the loan. See also Lifetime Cap.
Refers to a provision of an adjustable rate mortgage (ARM) that limits how much the interest rate or payment can increase or decrease.
The limit on how much an interest rate or monthly payment can change on an ARM. Most programs have a cap each for adjustment and a cap for the life of the loan.
To make a raise to the maximum amount of bets allowed in a given round.
In limit games, the limit on the number of raises in a round of betting.
Once the betting has been raised three times in one round, it is then capped, or limited. From this point Players may only call (place a bet equal to the previous bet) or fold.
A cap refers to the limit on how much an interest rate can change at an adjustment period, or over the life of the loan.
to put in the last bet in a round of betting. In online limit hold'em, bets are usually capped at four, so there can be a bet, a raise, a reraise, and a final reraise.
A stipulation of an ARM determining how much the interest rate or mortgage payments may increase or decrease.
With a capped rate mortgage, the ‘capâ€(tm) is the ceiling level above which the interest rate will not rise during the period of the deal.
The maximum amount of interest that can be charged.
This is the limit for bets and raises in Fixed-Limit games. For most games the cap is one bet and three raises - a total of four bets. Note: There is no betting cap in Pot-Limit and No Limit games.
When the last allowable raise has been taken the pot is capped. During heads up or in tournaments there is usually no cap.
To max out the number of allowed raises, usually four, in a fixed limit poker game.
A limit on how much the variable-interest rate can increase during a particular time period.
A limit on how much a mortgage interest rate may increase or decrease for an adjustable-rate mortgage.
A limit on how much your interest rate (in the case of a variable rate) can increase during the term of the loan.
The maximum rate of interest payable on an adjustable-rate security or mortgage loan.
"Adjustable Rate Mortgages have fluctuating interest rates, but those fluctuations are usually limited to a certain amount. Those limitations may apply to how much the loan may adjust over a six month period, an annual period, and over the life of the loan, and are referred to as ""caps."" Some ARMs, although they may have a life cap, allow the interest rate to fluctuate freely, but require a certain minimum payment which can change once a year. There is a limit on how much that payment can change each year, and that limit is also referred to as a cap. "
A limit on the maximum amount your interest rate can increase on an adjustable rate mortgage. There are caps for the life of your loan and there are caps that limit the amount of any single adjustment. SEE PERIODIC RATE CAP AND LIFETIME RATE CAP.
Capping fee paid by non-members to ride with the field - usually limited to two or three visits before a membership application is expected. Also, a rider's hard hat.
The limit on how much interest rates or monthly payments can change, either at adjustment or overall.
A limit on the maximum that interest rates can rise on a variable-rate mortgage (ARM) during a specified period and over the life of the loan.
A provision of an ARM limiting how much the interest rate or mortgage payments may increase or decrease. Page Top
if you prefer to play limit Texas Holdem, betting the maximum amount of money that is allows is called Cap.
A limit on how much the interest rate on an ARM loan can change in an adjustment period or over the life of the loan. For example, if your adjustment cap is 1% and your current interest rate is 6%, then your newly adjusted rate will be between 5% and 7%. A lender will provide this information for each of its ARM products.
A limit to how much monthly payments on an ARM can change at each adjustment period. This type of cap does not limit the amount of interest a lender is earning and may cause negative amortization.
a limit, such as that placed on an adjustable rate mortgage, on how much a monthly payment or interest rate may change, either at each adjustment or during the life of the mortgage. Payment caps do not limit the amount of interest the lender is earning, so they may cause negative amortization. For more information, see our guide explaining how adjustable-rate-mortgage interest rate caps work.
Making the final permissable bet in a limit game. Limit games are often restricted to three raises per round. I had two aces, so I capped it.
The maximum that an Adjustable Rate Mortgage may increase. Adjustable Rate Mortgages have interest rates that change over time ( dependent upon changes in an economic index). However, the fluctuations may be limited based on the terms of the loan. A cap places an upper limit on the mortgage's interest rate, or a limit as to how much it may change in a given period of time. (See also Adjustable Rate Mortgage, and Life Cap.)
A limit on how much the variable interest rate may increase during the life of the loan.
A cap on an ARM guarantees that the adjustment will not exceed a designated number of percentage points, up or down, at the adjustment period. A cap may also be placed on changes which can occur over the life of the loan. Cap amounts are designated and set at the time the loan is originated.
The maximum number of raises allowed by all players in one betting round. Typically four in Hold'Em.
On adjustable-rate loans, the set limit to which the interest rate on your loan can increase during each adjustment period and/or throughout the duration of the loan.
This is only acceptable in a few poker games. To cap a game means set a certain amount of bets.
Adjustable Rate Mortgages (ARMs) have fluctuating interest rates, but those fluctuations are usually limited to a certain amount. Those limitations may apply to how much the loan may adjust over a six-month period, a 12-month period, and over the life of the loan. The limitations are known as "caps." Some ARMs allow the interest rate to fluctuate freely and require a certain minimum payment which can change annually, in spite of their lifetime cap. There is a limit on how much said payment can change each year - a limit also referred to as a cap.
Consumer safeguards which limit the amount monthly payments on an adjustable rate mortgage may change.
Cap limits the amount an interest rate can change either at each adjustment or over the life of the loan.
Cap refers to an absolute dollar limit placed on spending and/or borrowing for a designated activity or program. The term is sometimes used to refer to the limitation of a disbursement for the current and/or forthcoming fiscal year(s) to the level of the preceding fiscal year or to some other predetermined level.
A set limit on how many times raises can go around the table.
Upper limit on adjustable or variable interest rate on periodic basis and during life of loan. Also, upper limit on periodic payments.
a ceiling, usually found in ARM loans; generally expressed as per time frame (e.g. annual or lifetime of the loan).
To put in the final, and maximum raise of a betting round. Common term used in Limit Hold'em.
The act of putting in the last raise permitted in any betting round.
The idea that there can only be a raise, a re-raise, another re-raise, and one final re-raise. That's four bets total per player, per round, at most.
To make the last allowed 'raise'.
The maximum allowable increase, for either payment or interest rate, for a specified amount of time on an adjustable rate mortgage.
A limit on interest rate fluctuation on an adjustable rate.
A limit set to how much the interest rate can change on an adjustable rate mortgage
A limit on the total amount an interest rate can be increased. (See ARM.)
The highest-level rate that can be paid on a floating-rate debt instrument. A variable-rate note with a 10% cap would mean that the note could not yield more than 10% interest, regardless of how high interest rates rose.
A short form for capitalization, when used in reference to stocks. CAPs are determined by multiplying the total number of a corporation's outstanding shares by the price of the stock. Analysts classify the capitalization of companies as small, medium and large cap corporations and some mutual funds limit themselves to small, medium or large-cap companies for investment purposes.
A limit on the total amount an interest rate can be increased in a specified time and over the lifetime of an adjustable-rate mortgage.
Upper limit; caps (and floors) may serve, for example, as a protection against increasing (or falling) interest rates in case of investments. In the long term, the cap purchaser is protected by an upper interest limit (against payment of a premium), i.e. the interest due from the interest business does not exceed a predetermined upper limit (strike) during the term of the cap.
In adjustable rate mortgages, a limit placed on adjustments to protect the borrower from large increases in the interest rate. The annual cap is the limit on the amount of adjustment in the interest rate on an adjustable rate mortgage over a twelve month period. A life of loan cap is a limitation on the maximum interest rate that can be applied to an adjustable rate mortgage during the term of the loan.
Maximum number of raises in a betting round.
A provision of an ARM that limits periodic interest rate or payment adjustment.
The limit placed on adjustments that can be made to the interest rate or payments such as the annual cap on an adjustable rate loan (ARM) or the cap on a rate over the life of the loan.
In many limit games there is a restriction on the number of bets allowed each round. A player caps the betting by making the last allowable raise.
Periodic caps limit the periodic adjustments, and life caps limit the maximum interest rate allowable on an adjustable rate mortgage.
Payment caps limit the change in monthly payments based on a maximum percentage change in payment. Typically used in negative amortizing loans. (see negative amortization)
The limit on how much the interest rate can increase or decrease on adjustable rate mortgage.
A limit on how much your interest rate or payment can increase or decrease in an adjustable-rate mortgage.
The limit on the amount of an increase (usually 2%) charged by a lender under the terms of an adjustable rate mortgage. Caps protect the borrower from large, unexpected interest rate increases.
A provision of an A.R.M. limiting how much the interest rate or mortgage payments can increase during a set time period.
A bet is capped when it has been raised three times in a single run. As a result, betting is limited and players can only call or fold.
An option agreement that puts an upper limit on interest rates. A cap provides borrowers interest rate risk protection in case of floating rate loans. The borrower is compensated for any rise in the rate, beyond the cap. Caps allow borrowers to take advantage of falling rates but do not expose them to high rates.
In some poker games, a cap is placed after the third raise in a single round. If a cap is placed, players can now either call or fold, no more raises are allowed.
The provision in an adjustable rate mortgage (ARM) that limits how much the interest rate can increase or decrease.
An upper limit placed on the interest or capital repayments on a loan. Capping can only apply to interest payments whose rates are adjusted according to market conditions. Fixed interest payments are automatically capped.
The limitation on the amount by which either interest rates or payments can change at any single adjustment interval on an adjustable rate mortgage loan.
To put in the final bet. In a hold’em game with a maximum of three raises then the player who puts in the final raise “caps it.
The provision in an adjustable rate loan or variable rate line of credit limiting the range an interest rate can change during a given time period. There are usually two types of caps used to determine the interest rate range of an adjustable rate loan, annual and lifetime. For example, the annual cap of an adjustable rate loan might be 2% with a lifetime cap of 4%. This means that during an adjustable rate period, a loan with a beginning interest rate of 7% could increase a maximum of 2%, (up to 9% in this example) and, during the life of the loan, it could have a maximum interest rate of 11%.
Provision that limits how much an interest rate may increase or decrease at each
In a limit game there are usually only 4 bets allowed per round, the opening bet and 3 raises. The 3rd raise is known as a cap. After the cap there are no more raises. In no limit or pot limit there is no cap. Some poker rooms allow unlimited raising heads up even in limit.
A limitation on the interest rate of an Adjustable Rate Mortgage (ARM)
Limit on how much the interest rate can be changed in an ARM.
An upper limit on interest rate on a floating-rate note.
The pot is capped when the last allowable raise has been taken. There is usually no cap during heads up or in tournaments.
In adjustable rate mortgaes, the limit on how much the interest rate or monthly payment can change.
Fixed Rate Mortgage Pre-approval
Refers to the maximum allowable interest rate increase for adjustable rate mortgages.
A limit placed on adjustable-rate mortgages to protect the borrower from large interest-rate increases. A limit on the amount an interest rate or a monthly payment can increase during the adjustment period and over the life of a loan. Usually used in reference to an adjustable-rate loan.
The highest possible interest rate that can be paid on a floating-rate security.
Limit on the amount a rate or payment can increase in any one adjustment period.
a limit on the amount an adjustable interest rate may go up or down during a specified time period.
The limit on an interest rate for an adjustable mortgage (either on each adjustment or over the life of the mortgage).
An upper limit on the increase in the interest rate on an Adjustable Rate Mortgage (ARM).
To safeguard against excessively high payment increases, adjustable rate mortgage programs place a cap on the amount by which either the interest rate or payment may rise at any single adjustment, over the life of the loan, or both. Look at the cap as “the worst case scenario†to determine if the ARM suits your financial capabilities.
The last raise permitted in a round. Dailystarpoker.com allows three raises beyond the initial bet in limit games.
A maximum amount of interest that can be charged.
refers to a provision enacted by the legislature that sets a ceiling on the annual increase in a town's ECS grant payment. The present cap varies with a town's wealth up to a maximum allowable increase of 6 percent.
A limit set on an ARM as to how much the interest rate or monthly payments may increase.
A limit to the amount an interest rate or a monthly payment can increase for an adjustable rate loan either during an adjustment period or over the life of the loan.
In the context of regulatory standards for emissions, cap implies the maximum level of emissions allowed. In the context of tradable units, the term refers to the extent to which certified emission reduction units can be used for accounting for commitments.
A cap limits how much the interest rate can increase or decrease on an adjustable-rate mortgage.
The last raise that can be put into a round.
A cap is a provision of an adjustable rate loan (ARM) that limits how much the variable interest rate may increase or decrease during the life of the loan.
A limit on how much the interest rate or monthly payment of an ARM can change. Payment Cap's don't limit the amount of interest the lender is earning so it could cause negative amortization.
In the interest rate derivatives market, an instrument in which the buyer receives payments from the seller in the event interest rates rise above a specified level; used by the buyer as a hedge against rising interest rates. In the bond market, the cap of a floating-rate security is its maximum possible interest rate. See " Floor"
Caps are used in adjustable rate mortgages (ARMs) to limit the interest rate and/or the payment. Most ARMs have a periodic cap that is around 2% per year and a life cap of around 5%-6% over the life of the loan. Payment only caps sometimes create negative amortization where the principal balance of the loan increases rather than decreases over time.
In limit poker the cap is the maximum amount of raises allowed in each betting round. A common cap seen in online poker games is 4 bets per round (one bet and three raises).
A set percentage amount by which an adjustable rate mortgage may adjust each adjustment period. For adjustable loans, caps are usually quoted as two numbers as n 2/6. The first number indicates how much a loan may adjust at each adjustment period while the second number indicates how much a loan may adjust over it's lifetime. Loans like the 3/1 and 5/1 adjustable, which have an initial fixed period are quoted with three numbers as in 2/6/3 which would mean that the first adjustment may be as much as 3%, subsequent adjustments are capped at 2% each, and the lifetime cap is 6%. two-step loans are quoted with a single cap, which is the amount the loan may adjust at a single adjustment date. See Periodic Rate Cap and Lifetime Rate Cap
A limit on the change in the amount of the interest rate on an ARM loan at the time of the adjustment interval; may be either a "per adjustment" cap or a "lifetime" cap.
A limit on the amount the interest rate or monthly payment can increase in an adjustable-rate mortgage.
To make the maximum number of bets allowed during a round. If four bets are allowed and four bets are made, the betting has been capped for that round.
A limit to the number of times a bet can be raised and then re-raised. This aspect of Texas Holdem comes up most regularly in the Limit form of the game. Usually the bet can be raised 3 times.
a limit of how much a monthly payment can increase or decrease for an adjustable rate mortgagee
The last raise allowed in a betting round as set out by the cardroom or casino. Typically caps on betting are seen in Limit games and are usually restricted to three or four raises per betting round.
A variable interest rate, but one which cannot exceed a pre-set or "capped" figure.
supply contract with a maximum price
This is the limit on how much an interest rate can increase over the life of your loan.
Consumer safeguards which limit the amount the interest rate on an adjustable rate mortgage may change per year and/or the life of the loan.
Imposes an upper limit. It can be used in a number of ways. E.g. Mortgage Cap - an upper limit to mortgage rate fluctuations or an Earnings cap - an upper limit to earnings used to calculate pension benefit. Applied to pension, cash and contributions, and affects personal pensions and occupational pensions.
The highest allowable increase in interest rates for an adjustable rate mortgage. Caps create a ceiling above which the interest rate may not rise.
The limit on how much an interest rate or monthly payment can change, either at each adjustment or over the life of the mortgage.
The maximum which an adjustable rate mortgage may increase, regardless of index changes. Cap can describe yearly changes as well as total change over the life of the loan.
A limit on the amount of water that may be diverted from the river for human uses, e.g. the Murray-Darling Basin Ministerial Council announced a cap on water use in the Murray-Darling Basin in 1995.
1) The last allowed raise during the current betting round. 2) The maximum rake has been reached.
A provision in an ARM limiting the amount the interest rate may increase.
Limits how much the interest rate on an adjustable rate mortgage (ARM) can increase or decrease.
Betting will be capped after it has been raised three times in one round. After this, players have two options: call or fold.
A limitation on the interest rate increase or decrease on an Adjustable Rate Mortgage loan.
The interest rate above which the rate of an Adjustable-Rate Loan cannot be adjusted.
A limit on how much an interest rate or monthly payment for an adjustable rate mortgage can change.
The maximum length of time or dollar amount that a plan will continue to pay benefits; also referred to as "contract maximum."
Raising the final bet in a betting round, to the maximum allowed.
A limit on the amount of adjustment in the interest rate, payment amount or both on an ARM mortgage . Caps may be applied to each adjustment period and/or over the life of the loan. Example, a 2/6 would denote a 2% cap on the rate per adjustment period and 6% over the term of the mortgage.
the maximum interest rate that may be charged on an ARM
The maximum amount an interest rate or monthly payment can change, either at adjustment time or over the life of the mortgage.
maximum rate of change of the interest rate on an adjustable rate mortgage. The mortgage may have an annual or lifetime ceiling.
A limit in how much an adjustable rate mortgage's monthly payment or interest rate can increase. A cap is meant to protect the borrower from large increases and may be a payment cap, an interest cap, a life-of-loan cap or an annual cap. A payment cap is a limit on the monthly payment. An interest cap is a limit on the amount of the interest rate. A life-of-loan cap restricts the amount the interest rate can increase over the entire term of the loan. An annual cap limits the amount the interest rate can increase over a twelve-month period.
This is a CREST member’s credit limit with his payment bank. The payment bank guarantees to meet client obligations up to this maximum.
One of two different types of limits for adjustable-rate mortgages. The life cap limits the highest or lowest interest rate that is allowed over the entire life of a mortgage. The periodic cap limits the amount that an interest rate can change in one adjustment period. A one-year ARM, for example, may have a start rate of 5 percent with a plus or minus 2-percent periodic adjustment cap and a 6-percent life cap. On a worst-case basis, the loan's interest rate would be 7 percent in the second year, 9 percent in the third year, and 11 percent (5 percent start rate plus the 6 percent life cap) forevermore, starting with the fourth year.
In adjustable rate mortgages, a limit placed on adjustments to protect the borrower from large increases in the interest rate or the payment level.
Capacity of a course, i.e, the maximum number of students that may enroll in a given section.
A ceiling, usually found on ARM loans; can be expressed as “per period” for example, annual, or lifetime, meaning for the entire loan term.
A limit on how much the interest rate or the monthly payment can change, either at each adjustment or during the life of the mortgage. Payment caps don't limit the amount of interest the lender is earning, so they may cause negative amortization.
It only exists in the Stake Limit and Table Limit game modes. It is the same as Raise but the name Cap is used for the raise in the last (the fourth) raising turn during betting.
The upper limit for the interest rate on an adjustable-rate loan or security.
To make the final raise in a betting round leaving all remaining players only the option to call in limit games. The limit is reached after one bet and three raises in a betting round.
an upper limit for the diversion of water.
A limit. In variable rate mortgages, a limit as to how high periodic payments may go or how much the interest may change within a given time period or over the life of the mortgage.
Return To Glossary Index A maximum allowable increase, either for payment or interest rate, for a pre-determined period of time on an Adjustable Rate Mortgage.
To limit. Capital - ASSETS intended to further production. The amount invested in a PROPRIETORSHIP, PARTNERSHIP, or CORPORATION by its owners.
the number of times a raise can be re-raised
The maximum increase or decrease allowed at each adjustment of an ARM.
The limit on how much the interest rate or monthly payment on an adjustable rate mortgage (ARM) can go up or down. Most ARMs have several types of interest rate caps: (1) lifetime caps, which are required by law, that limit the increase and decrease of a rate over the full course of a loan. A 12% lifetime cap, for example, means the ARM's rate can never go above 12%, (2) the first adjustment cap, which limits the rate change on the ARM's initial adjustment and (3) the subsequent adjustment caps (also called periodic caps), which limit the rate changes on the following adjustment periods, even if the market interest rates significantly rise or fall during this time. Caps on monthly payments are rare since they can cause negative amortization, a situation where your mortgage balance increases despite regular monthly payments.
A type of derivative instrument that offers protection against rising interest rates.
Usually betting is limited to four bets (i.e. capped at four bets.)
To put in the last raise permitted on a betting round. In California, the standard is the third raise.
The maximum interest rate increase allowable on an adjustable rate mortgage as stated in the loan agreement.
The maximum payment amount increase allowable on an adjustable rate mortgage as stated in the loan agreement.
An option strategy that sets a ceiling on the holder's interest rate exposure.
The last permitted raise in a betting round is called the cap.
The maximum amount an interest rate or monthly payment can change, at established intervals over the term of the mortgage.
a limit such as that placed on an adjustable rate mortgage, on the amount that the interest rate or monthly payment may be raised during the life of the loan.
A cap is a financial contract giving the owner the right but not the obligation to borrow a pre-set amount of money at a pre-set interest rate with a pre-set maturity date.
After the betting is raised three times in single round, it is then capped, or limited. From this point Players have 2 options - call (place a bet equal to the previous bet) or fold.
The maximum interest rate increase allowable on an adjustable rate mortgage per year and/or the life of the loan. Caps serve as consumer safeguards on adjustable-rate mortgages. These safeguards protect the borrower as interest rates rise.
The upper limit on the interest rate of an ARM (Adjustable Rate Mortgage).
The limit on the number of raises in a round of betting (in limit games). In many cardrooms the limit is three, making four total bets.
A contractual limitation on the maximum increase of interest rate or payment amount for a single adjustment period on an adjustable rate mortgage.
the maximum interest rate on a loan
A limit on an adjustable rate mortgage (ARM) that states how much the interest rate may increase or decrease during an adjustment period.
A maximum limit on a price, interest rate or coupon.
a limit, such as that placed on an adjustable rate mortgage, on how much a monthly payment or interest rate can increase or decrease.
A cap limits a loan's interest rate from rising beyond a certain rate. A10% loan with a 2% cap will only rise to 12%.
A pricing option exercised by the borrower at the time of the application wherein the rates and points prevailing at the time cannot rise if market rates rise, but they can decline if market rates decline. A cap costs the borrower more than a lock because it is more costly to the lender. Caps vary widely in terms of how often the borrower can exercise (usually only once), and exactly when the borrower can exercise. Do not confuse with interest rate increase caps and payment increase caps.
A derivative instrument which is linked to interest rates.
A term referring to the maximum rate of interest payable on a variable rate loan or mortgage.
Limit on how much the interest rate or mortgage payment may change on an ARM
In trading, a cap is usually a call option on forward interest rates. A cap becomes more expensive as the yield curve grows steeper and as the volatility of the underlying interest rate increases.
The top limit on the amount the interest rate can increase during a single time period of an adjustable-rate mortgage. Every ARM has two caps: a periodic cap, which limits the periodic changes to the interest allowed in the loan agreement, and a lifetime cap, which governs the total increase that can be imposed during the life of the loan.
The point total which, in some games, limits the obligation to win by a margin of 2 or more points. The first team to reach the cap score, wins.
The maximum number of allowed raises in a limit game.
For an equity-indexed annuity contract, the upper limit on the amount of an index's gain in value that will be credited to the annuity contract.
The maximum amount the mortgage rate can change annually or over the life of the loan on a one-year adjustable. For example, if the caps are 2% annual and 6% life of loan, a mortgage whose first-year rate is 10% could rise to no more than 12% the second year.
Limit on the amount an adjustable rate mortgage may increase or decrease during specific intervals and over the term of the loan. This safeguard protects the buyer from dramatic changes in monthly payments.
The last raise permitted in a round e.g. an online game might allow three raises beyond the initial bet in limit games.
A limit on how much an adjustable rate mortgage's monthly payment or interest rate can increase. A cap is meant to protect the borrower from large increases and may be a payment cap, an interest cap, a life-of-loan cap or periodic cap. A payment cap is a limit on the monthly payment. An interest cap is a limit on the amount the interest rate can increase. A life-of-loan cap restricts the amount the interest rate can increase over the entire term of the loan. A periodic cap limits the amount the interest rate can change at the time of each periodic adjustment.
the limit on the amount that the monthly payment and interest rate can increase on an adjustable rate mortgage.
The maximum rate of interest that is payable on a loan.
The limit in change on how much the interest rate or monthly payment of an Adjustable Rate Mortgage (ARM), either at each adjustment or during the life of the mortgage.
A limit on how much a variable interest rate can increase. Many adjustable rate mortgages have both annual (or semi-annual) rate caps and lifetime caps. They limit the amount your payments can increase in an adjustment period and over the life of the loan.
Limit (typically about 2 percent) by which an adjustable mortgage rate might be increased at any one time.
A feature of a floating-rate security that stipulates a maximum coupon (the cap), above which the variable coupon cannot adjust.