ceiling
Definition 1
The maximum interest rate permitted by state law for a given loan. A ceiling is a common feature of floating rate notes.
Definition 2
An upper limit on the exchange rate of a country's currency imposed by some regulatory authorities (the government or regulators will step in and ensure that the exchange rate does not exceed the ceiling).
Definition 3
More generally, any limit or maximum.
The maximum interest rate permitted by state law for a given loan. A ceiling is a common feature of floating rate notes.
Definition 2
An upper limit on the exchange rate of a country's currency imposed by some regulatory authorities (the government or regulators will step in and ensure that the exchange rate does not exceed the ceiling).
Definition 3
More generally, any limit or maximum.
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