periodic cap — The maximum amount by which an adjustable rate security s coupon rate can change in any given period of time. Also called reset cap. For most ARMs and floaters, the maximum periodic or reset change is defined as an amount of change in each… … Financial and business terms
Periodic Interest Rate Cap — A part of an interest rate cap structure on loans and mortgages. The periodic interest rate cap limits the amount by which the interest rate on an adjustable rate loan can adjust at specified adjustment dates. For example, an adjustable rate… … Investment dictionary
Periodic abstinence — Also known as fertility awareness, natural family planning, and the rhythm method, this approach entails not having sexual intercourse on the days of a woman s menstrual cycle when she could become pregnant or using a barrier method (such as a… … Medical dictionary
Interest Rate Cap Structure — Limits to the interest rate on an adjustable rate loan frequently associated with a mortgage. There are several different types of interest rate cap structures including an initial, periodic and lifetime interest rate cap structure. The initial… … Investment dictionary
Life Cap — The maximum amount that the interest rate on an adjustable rate loan can increase over the term of the loan. A life cap can be expressed as an absolute interest rate such as a maximum lifetime rate of 12%, which is called an interest rate ceiling … Investment dictionary
reset cap — The maximum amount by which an adjustable rate security s coupon rate can change in any given period of time. Also called the periodic cap. For most ARMs and floaters, the maximum periodic or reset change is defined as an amount of change in each … Financial and business terms
List of non-periodic comets — Non periodic comets (or long period comets) are comets that do not have confirmed observations at more than one perihelion passage,[1] and thus generally have orbital periods of 200 years or more. They include single apparition comets that pass… … Wikipedia
Lifetime Cap — The maximum interest rate on an adjustable rate mortgage (ARM) that may be charged at any point over the life of the mortgage. The lifetime cap is usually expressed as a percentage increase from an initial interest rate. For example, if a fixed… … Investment dictionary
Price-cap regulation — is a form of regulation designed in the 1980s by UK Treasury economist Stephen Littlechild, which has been applied to all of the privatized British network utilities. It is contrasted with rate of return regulation, in which utilities are… … Wikipedia
Initial Interest Rate Cap — The maximum amount the interest rate on an adjustable rate loan can adjust on its first scheduled adjustment date. This is part of the interest rate cap structure on the loan, usually a mortgage, which helps to give borrowers some protection from … Investment dictionary
Abstinence, periodic — Also known as fertility awareness, natural family planning, and the rhythm method, this approach entails not having sexual intercourse on the days of a woman s menstrual cycle when she could become pregnant or using a barrier method (such as a… … Medical dictionary