| 单词 | cap |
| 释义 | cap cap // noun, verb
■ noun
LARGE CAP, MID CAP, SMALL CAP, SPLIT CAP
1 [C] an upper limit on an amount of money that can be spent, borrowed or charged: The government has put a cap on local council spending. Domestic electricity consumers (= families that use electricity) are protected by a price cap.
❖ to impose/put/set a cap on sth
2 (Stock Exchange , a short way of saying or writing capitalization (= the amount of money that shareholders have invested in a company by buying shares): The company has a market cap of $30 million. ■ verb [+ obj] (-pp-) 1 (often be capped) to put a top limit on sth, for example, the amount of money that can be spent, lent, charged, etc: The government's new plan involves cutting public spending and capping the price of goods and services. For the first year the service is offered at a capped rate of $200 a month. The conference caps its attendance at 400 (= only 400 people can attend). The mortgage is capped at 7.25% (= the interest rate will never rise above this figure). ⇨ CAPPED-RATE 2 to finish sth, such as a process or a period of time, in a particular way: The company capped a very bad year by reporting a $3 billion loss for the final quarter. |
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