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单词 cap and collar
释义
  • Business

cap and collarnoun [ S ]

ukus

BANKING, FINANCE an agreement in which a financial organization puts an upper (= the cap) and a lower (= the collar) limit on an interest rate for a loan, a share price, etc.:

When interest rates are expected to rise, a cap and collar mortgage becomes more attractive to borrowers.
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更新时间:2024/9/24 8:30:15