What is the meaning of Caps (Interest)?

Subtopics: payment 

Consumer safeguards which limit the amount the interest rate on an adjustable rate mortgage can change in an adjustment interval and/or over the life of the loan.

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APABarry Goldsmith. (2010). caps (interest). Retrieved September 20, 2026, from http://smartdefine.org/caps_(interest)/definitions/1149442
ChicagoBarry Goldsmith. 2010. "caps (interest)" http://smartdefine.org/caps_(interest)/definitions/1149442 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, caps (interest), Smart Define, viewed 20 September, 2026, <http://smartdefine.org/caps_(interest)/definitions/1149442>.
MLABarry Goldsmith. "caps (interest)" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/caps_(interest)/definitions/1149442>