capped-rate

capped-rate

adj
(Banking & Finance) finance having a fixed upper limit
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
There is not as wide a choice of capped-rate mortgages as with fixed rates, but there are still quite a few to choose from.
Some lenders are bidding for a bigger share of the market for home loans by pricing fixed-rate or capped-rate mortgages below what they themselves are paying for the money.
l BEST SHORT/MEDIUM-TERM FIXED RATE: Portman Building Society's two-year, capped-rate mortgage of 5.99 per cent until March 1, 2001.