Under an interest rate cap, in return for a fee the seller promises to compensate the buyer should interest rates remain under a certain level.

Name: Under an interest rate cap, in return for a fee the seller promises to compensate the buyer should interest rates remain under a certain level.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

Under an interest rate cap, the seller compensates the buyer if interest rates rise above a certain level, not if they remain under it.

Under an Interest Rate Cap, in Return for a Fee