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单词
lifetime cap
释义
lifetime cap
Lifetime Cap
The maximum interest rate on an adjustable rate loan that may be charged over the total repayment period. For example, a loan may be made at 5% with a 7% lifetime cap, meaning the interest rate cannot rise above 7%.
lifetime cap
See
life-of-loan cap
.
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更新时间:2025/2/1 14:34:01