The first letter in a block of text set in a larger size or display typeface for emphasis or decoration, with the cap and the first line of type are on the same baseline.
The initial cap on an ARM mortgage is the maximum amount the interest rate can increase on the first interest rate adjustment after the initial fixed period. For example, if a 5/1 ARM with a 5.0% rate has an initial cap of 5%, after the 5th year, the interest rate could increase up to 10%.
A first letter set in enlarged and sometimes decorative type for graphic emphasis.
Large, capital letters (often ornamental) which are found at the beginning of paragraphs or chapters. These date back to the early days of European manuscripts where they were (and still are) considered works of art. Before printing presses replaced hand lettering, a few talented scribes drew the characters into spaces left in the manuscripts for that purpose.
A term for the oversized first letter of a word you'll sometimes see in lavish calligraphy or a decorative typeface.
A capital letter at the beginning of a paragraph that rests on the first baseline and rises above the x-height of the other letters.
Consumer safeguard which limits the amount the interest rate on an adjustable rate mortgage can change during the first adjustment period. See Caps.
A capital letter set at the beginning of a block of type in a point size larger than the other type. nsert: A piece of printed material that is prepared for the purpose of being inserted into another piece of printed material, such as a magazine.