Lifetime Cap

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Definition: Lifetime Cap

Lifetime Cap
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Full Definition of Lifetime Cap

A limit on the amount that the payments of an adjustable rate mortgage can increase or decrease during the mortgage term.

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/lifetime-cap/
Modern Language Association (MLA):
Lifetime Cap. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/lifetime-cap/.
Chicago Manual of Style (CMS):
Lifetime Cap. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/lifetime-cap/ (accessed: April 19, 2024).
American Psychological Association (APA):
Lifetime Cap. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/lifetime-cap/

Definition Sources

Definitions for Lifetime Cap 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.