lifetime cap
1Lifetime 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… …
2lifetime cap — The upper limit for increases in the interest rate on a floating rate or adjustable rate instrument. American Banker Glossary …
3Cap Gemini SDM — (Software Development Methodology) is a project management system developed by Dutch software company PANDATA in 1970. The project is divided in several phase s that have a clear start and end. Each phase delivers (sub)products, called milestones …
4Interest 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… …
5Life 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 …
6Periodic 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… …
7Salary cap — In professional sports, a salary cap (or wage cap) is a cartel agreement between teams that places a limit on the amount of money that can be spent on player salaries. The limit exists as a per player limit or a total limit for the team s roster …
8List of lifetime MLB hit leaders through history — This list of lifetime MLB hit leaders displays a chronology of the annual top ten leaders in lifetime base hits in Major League Baseball from 1876 through 2007.The table assists in identifying the most significant players in each era, and helps… …
9Initial 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 …
10Anson, Cap — ▪ American athlete byname of Adrian Constantine Anson, also known as Pop born April 11/17, 1851, Marshalltown, Iowa, U.S. died April 14, 1922, Chicago, Illinois American baseball player and manager who played professionally for 27 years and… …
