Search Elements:
- Taxonomy
- us-gaap
- Name
- InterestRateCapMember
- Label
- Interest Rate Cap [Member]
- Period Type
- duration
- Type
- dtr-types:domainItemType
- Definition
- Contract in which the cap writer, in return for a premium, agrees to limit, or cap, the cap holder''s risk associated with an increase in interest rates. If rates go above a specified interest-rate-level (the strike price or the cap rate), the cap holder is entitled to receive cash payments equal to the excess of the market rate over the strike price multiplied by the notional principal amount.
Excel
