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Annual Cap — A clause found in the contract of an adjustable rate mortgage (ARM) that limits the possible increase in the loan s interest rate to a certain amount each year. The cap is usually defined in terms of rate, but the dollar amount of the principal… … Investment dictionary
cap — An upper limit for a variable, such as the upper limit on the interest rate paid or received in a transaction. For example, an adjustable rate mortgage may have a cap of 10 percent. In this case, the rate can adjust however the loan terms provide … Financial and business terms
NBA salary cap — The NBA salary cap is the limit to the total amount of money that National Basketball Association teams are allowed to pay their players. This limit is subject to a complex system of rules and exceptions and as such is considered a soft cap. The… … Wikipedia
NBA Salary Cap — The NBA Salary Cap is the limit to the total amount of money that National Basketball Association teams are allowed to pay their players. While this seems simple enough in concept, the salary cap is in actuality extremely complex, and contains… … Wikipedia
Common Agricultural Policy — European Union This article is part of the series: Politics and government of the European Union … Wikipedia
Adjustable-rate mortgage — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… … Wikipedia
Mortgage calculator — Mortgage calculators are used to help a current or potential real estate owner determine how much they can afford to borrow on a piece of real estate. Mortgage calculators can also be used to compare the costs, interest rates, payment schedules,… … Wikipedia
Patient Protection and Affordable Care Act — Full title The Patient Protection and Affordable Care Act. Acronym PPACA Colloquial name(s) Affordable Care Act, Healthcare Insurance Reform, Obamacare, Healthcare Reform Enacted by the … Wikipedia
Health care system — A health care system is the organization of people, institutions, and resources to deliver health care services to meet the health needs of target populations. There is a wide variety of health care systems around the world, with as many… … Wikipedia
Colombia — Colombian, adj., n. /keuh lum bee euh/; Sp. /kaw lawm byah/, n. a republic in NW South America. 37,418,290; 439,828 sq. mi. (1,139,155 sq. km). Cap.: Bogotá. * * * Colombia Introduction Colombia Background: Colombia was one of the three countries … Universalium
