Caplet is an Interest Rate Option to pay fixed in an FRA (q. V.). Its payoff is proportional to that of a Call Option on a floating rate of interest.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). Caplet. Retrieved September 22, 2026, from http://smartdefine.org/caplet/definitions/1149433 |
| Chicago | Barry Goldsmith. 2010. "Caplet" http://smartdefine.org/caplet/definitions/1149433 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, Caplet, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/caplet/definitions/1149433>. |
| MLA | Barry Goldsmith. "Caplet" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/caplet/definitions/1149433> |