单词 | cap and collar |
释义 | cap and collar cap and collar noun [sing.]
(Finance ) an upper and a lower limit between which an interest rate or a share price is fixed for a period of time: Under the takeover deal, the shares issued will be subject to a cap and collar of $20 to $28. a cap and collar mortgage
cap and collar verb [+ obj]: You have the option to cap and collar the lending rate on our loans. |
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