ceiling

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ceiling

Vox populi A maximum, upper limit. See Glass ceiling, Nondisclosure ceiling.
References in periodicals archive ?
Kenya's Parliament may well opt to keep the interest rate cap in place in order to maintain access to cheap credit.
Soon after the Beatty revelation, Speaker of the House Jon Husted, a Republican, signaled his support for an interest rate cap. Later, the governor went on record in support of a 36 percent rate cap.
Accounting for the interest rate cap. 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 6.5%.
The only limitation on the interest deduction wi be the interest rate cap imitations specified in Sec.
Banks had long chafed under the deposit interest rate cap because it forced them to pay less deposit interest than thrifts and prevented them from competing with money market accounts.
For example, an interest-rate "collar"--i.e., the simultaneous purchase of an interest rate cap option and the sale of an interest rate floor option--should be accorded hedging treatment.
First introduced to the municipal market in March 1990, inverse floaters are considered derivatives because owning an inverse floater is economically equivalent to owning a fixed-rate bond and writing a fixed-to-floating interest rate swap that contains an interest rate cap. Inverse floaters are variable-rate instruments whose interest rate depends upon short-term interest rates in the municipal market.
Kenya would be better off if the interest rate cap was removed, or if it was made more flexible, say up to 8 percent above the CBR.
Before the interest rate cap, Kenyan banks charged an interest rate spread of 11.4% which was 5% higher than the global average.
However, as Kenyan banks adapt to the "new normal", the Kenya Bankers Association has warned that the interest rate cap, which limits the amount of interest banks can charge on loans and sets a minimum interest rate for savers, is hurting the country's banking sector.
The following amendments have been made in the Scheme, The Guarantee coverage has been reduced from 60% to 40%.The interest rate cap has been removed.
LEGAL loan sharks can carry on taking money from cash-strapped Brits - after plans for an interest rate cap were ditched by the Government.