English-Spanish translations for caplet
Definition of caplet
- 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
- A component of an w: interest rate cap|interest rate cap, a derivative instrument that effectively prevents the interest payments on an otherwise variable-rate loan from exceeding an agreed level . Each "caplet", analysable as a w:call option|call option, covers one interest accrual period ; the whole interest rate cap is made up of a series of consecutive caplets
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