Maximum acceptance cap
From ACT Wiki
Securities - repurchase - tender offers - capped tender offers.
In this context, a tender offer is a formal statement made by an organisation that has issued securities that have not yet reached their final maturities, that the organisation wishes to repurchase some or all of the securities previously issued.
A maximum acceptance cap is a limit on the maximum amount that the organisation will spend on repurchasing securities.
(Source - Dentons DCM Quick Guide to Cash Tender Offers)
See also
