capped-rate

capped-rate

adj
(Banking & Finance) finance having a fixed upper limit
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.