Capped Note

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Definition: Capped Note

Capped Note
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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

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/capped-note/
Modern Language Association (MLA):
Capped Note. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 23, 2024 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: April 23, 2024).
American Psychological Association (APA):
Capped Note. PayrollHeaven.com. Retrieved April 23, 2024
, 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.