| 单词 | cap and collar |
| 释义 | cap and collar From Longman Business DictionaryFinance, Bankingcap and collarˌcap and ˈcollar noun [singular]1BANKING an agreement by a lender not to go above or below certain interest rates on a particular loanThe mortgage lenders have introduced a cap and collar deal with an upper rate of 7.75% and a floor of 5.99%.2FINANCE in a takeover, a maximum and minimum offer for sharesIts bid for the company includes a cap and collar designed to give investors a fixed price and a greater sense of security. |
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