Phrygian Cap - Law Dictionary Search Results
Home Dictionary Name: phrygian capPhrygian cap
A close fitting cap represented in Greek art as worn by Orientals assumed to have been conical in shape It has been adopted in modern art as the so called liberty cap or cap of liberty...
cap
cap a limit, such as one placed on an adjustable rate mortgage, on how much a monthly payment or interest rate can increase or decrease, either at each adjustment period or during the life of the mortgage. Payment caps do not limit the amount of interest the lender is earning, so they may cause negative amortization. Source: U.S. Department of Housing and Urban Development ...
rate cap
rate cap a limit on an ARM on how much the interest rate or mortgage payment may change. Rate caps limit how much the interest rates can rise or fall on the adjustment dates and over the life of the loan. Source: U.S. Department of Housing and Urban Development ...
Snow capped
Having the top capped or covered with snow as snow capped mountains...
Cap of maintenance
Cap of maintenance, one of the regalia or ornaments of State belonging to the sovereigns of England, before whom it is carried at the coronation and other great solemnities. Caps of maintenance are also carried before the mayors of several cities in England....
life cap
life cap a limit on the range interest rates can increase or decrease over the life of an adjustable-rate mortgage (ARM). Source: U.S. Department of Housing and Urban Development ...
payment cap
payment cap a limit on how much an ARM's payment may increase, regardless of how much the interest rate increases. Source: U.S. Department of Housing and Urban Development ...
Capful
As much as will fill a cap...
Cloud capped
Having clouds resting on the top or head reaching to the clouds as cloud capped mountains...
Flat cap
A kind of low crowned cap formerly worn by all classes in England and continued in London after disuse elsewhere hence a citizen of London...
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