This is a limited preview — please sign in or subscribe to learn everything we know about the term “periodic (payment) cap”.

periodic (payment) cap

noun

Definitions of periodic (payment) cap

  • a limit on how much payments on an adjustable rate security interest can increase or decrease during a set period

    "The first home buyers asked whether a periodic payment cap was available on the loan."

Phrase Bank for periodic (payment) cap

Discounts for lawyers and law firms

Save time and money for you and your clients with our unique knowledge base.

Learn more

Improve your Legal English skills

Try the sample and preorder our digital coursebook, the English for Law at a big discount!

Try the sample unit!
TransLegal