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Glossary   >   C   >   "Cap and collar rate" Definition            Cap and collar rate A mortgage which guarantees the interest rate charged will remain sandwiched between two specified levels. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Cap and collar rate - A mortgage which guarantees the interest rate charged will remain sandwiched between two specified levels.