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Capped rates

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Jessica
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an interest rate on a loan that will not rise above an agreed rate for an agreed period of time:
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Capped rates meaning & definition 1 of Capped rates.
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Tracie Lynn
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a capped-rate loan is one with an interest rate that will not rise above an agreed rate for an agreed period of time:
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Capped rates meaning & definition 2 of Capped rates.

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