Caplets
Last Updated: January 2, 2026 at 12:30 PM
Scrabble:11 ptsWWF:14 pts7 letters
Definition of Caplets
noun
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.
Anagrams of Caplets
Words You Can Make
50 words can be made from the letters in "caplets":