Business Studies, asked by bhavikavyas, 8 months ago

what dose term cap refers to in banking terminology??

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Answered by Anonymous

2

Answer:

A cap is an interest rate limit on a variable rate credit product. It is the highest possible rate a borrower may have to pay and also the highest rate a creditor can earn. Interest rate cap terms will be outlined in a lending contract or investment prospectus.Capital Assistance ProgramMoney, Business, Customer. CAP. Capital Assistance Program. Business, Treasury, Organizations.

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