CAPLET

Etymology 1

Noun

caplet (plural caplets)

A smooth-coated tablet (pill, as in medicine) shaped like a capsule, used as a tamper-resistant alternative to a capsule, or an easy-to-swallow alternative to regular tablets.

Etymology 2

Noun

caplet (plural caplets)

(finance) A component of an interest rate cap, a derivative instrument that effectively prevents the interest payments on an otherwise variable-rate loan from exceeding an agreed level (the "cap"). Each "caplet", analysable as a call option, covers one interest accrual period (such as three months); the whole interest rate cap is made up of a series of consecutive caplets.

Anagrams

• placet

Source: Wiktionary



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Word of the Day

23 November 2024

THEORETICAL

(adjective) concerned primarily with theories or hypotheses rather than practical considerations; “theoretical science”


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Coffee Trivia

An article published in Harvard Men’s Health Watch in 2012 shows heavy coffee drinkers live longer. The researchers examined data from 400,000 people and found out that men who drank six or more coffee cups per day had a 10% lower death rate.

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