CAPLET
caplet
Noun
- 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.
Noun (etymology 2)
- A component of an , 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 , covers one interest accrual period (such as three months); the whole interest rate cap is made up of a series of consecutive caplets.
The above text is a snippet from Wiktionary: caplet
and as such is available under the Creative Commons Attribution/Share-Alike License.