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

14 March 2025

PARASITISM

(noun) the relation between two different kinds of organisms in which one receives benefits from the other by causing damage to it (usually not fatal damage)


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Coffee Trivia

Decaffeinated coffee is not caffeine-free. Studies from the National Institute of Health (US) have shown that virtually all decaf coffee types contain caffeine. A 236-ml (8-oz) cup of decaf coffee contains up to 7 mg of caffeine, whereas a regular cup provided 70-140 mg.

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