Reference Entry

cap and collar mortgage

Jonathan Law

in A Dictionary of Business and Management

Fifth edition

Published in print January 2009 | ISBN: 9780199234899
Published online January 2009 | e-ISBN: 9780191726545
cap and collar mortgage

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A *mortgage in which the variable interest rate paid by the borrower cannot rise above or fall below specified levels; such a mortgage may be granted for the first few years of a loan. ...

Reference Entry.  43 words. 

Subjects: Business and Management

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