Interest rate cap
Interest rate cap is a limit on an interest rate imposed by a relevant authority or a contract, that does not allow rising the rate beyond the cap. It is often used to protect debtors from sudden increases in the interest rate.
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Interest rate cap is a limit on an interest rate imposed by a relevant authority or a contract, that does not allow rising the rate beyond the cap. It is often used to protect debtors from sudden increases in the interest rate.