capletˈkæp lɪt
caplet
English Definitions:
caplet (Noun)
A smooth-coated tablet shaped like a capsule, used as a tamper-resistant alternative to a capsule, or an easy-to-swallow alternative to regular tablets.
caplet (Noun)
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.
caplet
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"caplet." Kamus.net. STANDS4 LLC, 2024. Web. 4 May 2024. <https://www.kamus.net/english/caplet>.
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