Interest rate cap: Difference between revisions
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An agreement whereby the seller of the cap agrees to compensate the buyer if interest rates rise above an agreed rate on a series of pre-agreed dates. | An agreement whereby the seller of the cap agrees to compensate the buyer if interest rates rise above an agreed rate on a series of pre-agreed dates. | ||
== See also == | == See also == | ||
* [[Cap]] | * [[Cap]] | ||
* [[Interest rate]] | * [[Interest rate]] | ||
[[Category:Manage_risks]] | |||
Revision as of 13:55, 9 October 2013
An agreement whereby the seller of the cap agrees to compensate the buyer if interest rates rise above an agreed rate on a series of pre-agreed dates.
