Capped Note

Business, Legal & Accounting Glossary

Definition: Capped Note


Capped Note


Full Definition of Capped Note


A floating rate note with an agreed upper limit coupon rate on it. For example, an investor may be promised a LIBOR coupon of 125 basis points over a three-month LIBOR.


Cite Term


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https://payrollheaven.com/define/capped-note/
Modern Language Association (MLA):
Capped Note. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 29, 2021 https://payrollheaven.com/define/capped-note/.
Chicago Manual of Style (CMS):
Capped Note. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/capped-note/ (accessed: November 29, 2021).
American Psychological Association (APA):
Capped Note. PayrollHeaven.com. Retrieved November 29, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/capped-note/

Definition Sources


Definitions for Capped Note are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.