cap and collar mortgage

cap and collar mortgage
cap and collar mortgage
One having a minimum (collar) and maximum (cap) rate of interest
• • •
Main Entry:cap

Useful english dictionary. 2012.

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  • cap and collar mortgage — A mortgage in which the variable interest rate paid by the borrower cannot rise above or fall below specified levels; such a mortgage may be granted for the first few years of a loan. See also capped mortgage …   Big dictionary of business and management

  • cap and collar — ˌcap and ˈcollar noun [singular] 1. BANKING an agreement by a lender not to go above or below certain interest rates on a particular loan: • The mortgage lenders have introduced a cap and collar deal with an upper rate of 7.75% and a floor of… …   Financial and business terms

  • capped mortgage — A mortgage in which the variable interest rate paid by the borrower cannot rise above a specified level, usually for the first few years of the loan. The interest rate can, however, be reduced if interest rates fall generally. See also cap and… …   Big dictionary of business and management

  • Mortgage industry of the United Kingdom — The Mortgage industry of the United Kingdom has traditionally been dominated by building societies, but from the 1970s the share of the new mortgage loans market held by building societies has declined substantially. Between 1977 and 1987, the… …   Wikipedia

  • Collateralized mortgage obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • UK mortgage terminology — This page gives descriptions of UK mortgage terminology which can often confuse borrowers.IntroductionThe UK mortgage market is one of the most innovative and competitive in the world. Most borrowing is funded by either mutual organisations… …   Wikipedia

  • Computers and Information Systems — ▪ 2009 Introduction Smartphone: The New Computer.       The market for the smartphone in reality a handheld computer for Web browsing, e mail, music, and video that was integrated with a cellular telephone continued to grow in 2008. According to… …   Universalium

  • ЗАКЛАДНАЯ ШАПКА И ОШЕЙНИК — (cap and collar mortgage) Закладная (mortgage), по чьим условиям переменная ставка, по которой выплачивает проценты заемщик, не может подниматься выше и опускаться ниже определенных уровней; такие закладные обычно оформляются на первые пять лет… …   Финансовый словарь

  • закладная “шапка и ошейник” — закладная “шапка и ошейник” Закладная (mortgage), по чьим условиям переменная ставка, по которой выплачивает проценты заемщик, не может подниматься выше и опускаться ниже определенных уровней. Такие закладные обычно оформляются на… …   Справочник технического переводчика

  • Germany — /jerr meuh nee/, n. a republic in central Europe: after World War II divided into four zones, British, French, U.S., and Soviet, and in 1949 into East Germany and West Germany; East and West Germany were reunited in 1990. 84,068,216; 137,852 sq.… …   Universalium

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