ceiling

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ceiling

Vox populi A maximum, upper limit. See Glass ceiling, Nondisclosure ceiling.
References in periodicals archive ?
With the interest rate caps, the average deposit rate increased from below 6.
An increase of non- performing loans has already elicited worry from the International Mon- etary Fund (IMF), which has asked the CBK to be vigilant and requested that the Treasury remove the interest rate caps as small banks and borrow- ers are facing a crunch time.
We can't say for sure how the interest rate cap will affect the banking sector [because] there is insufficient data available to us at the moment," the governor says.
One reason for using this model was to provide a means (via the broker entity) to charge consumers an amount in excess of state and territory interest rate caps.
The interest rate cap is a derivative, as defined by SFAS 133, because it has an underlying (the one-month LIBOR); a notional amount (the principal amount of the outstanding loan); an initial net investment ($20,000) that is smaller than what would be required for other types of contracts; and a net settlement payable when the variable rate exceeds the cap rate of 6.
The only limitation on the interest deduction wi be the interest rate cap imitations specified in Sec.
On behalf of the consumer lobby, Proxmire resisted adjustable rate mortgages--he now admits he was wrong--and insisted that the deposit interest rate cap be lifted.
An interest rate collar is a combination of an interest rate cap and an interest rate floor.
IMF officials asked the government to abolish the 4 per cent interest rate cap on loans by banks implemented in 2016 on grounds it was benefiting the government and corporate firms while constraining small and medium enterprises (SMEs).
Global Banking News-August 30, 2016--CMA Kenya to prepare for financial shocks following interest rate cap
Under this change, FRNs without interest rate cap, EURIBOR3, maturity 2018, will have a new coupon, effective 1 July 2015, of 0.
The agency notes that interest payments borne by PLC on the debt issue is fixed throughout its tenure - for the most part by way of an interest rate cap - which limits the company's exposure to rising interest rates up to the issued amount," Fitch noted.