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单词 interest rate cap
释义

interest rate cap

Definition
This is a provision in adjustable rate mortgages that limits how much an interest rate can increase. There are periodic interest rate caps, which limit increases during each adjustment period. Most loans also have lifetime caps. This is a limit that dictates how many percentage points the interest rate can grow over the loan's life.
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更新时间:2025/2/2 13:29:00