Caps (Interest)
An interest hedging instrument that provides for maximum increases allowed in interest rates, payments, maturity extensions and negative amortization on reset dates.
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An interest hedging instrument that provides for maximum increases allowed in interest rates, payments, maturity extensions and negative amortization on reset dates.
Source: NCREIF PREA | Date: 29 April 2020 | ID: D0221 | Version: 2