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Related to Interest Rate Caps: Interest rate cap and floor, Interest Rate Floors


1. the inner upper surface of a room
a. an upper limit, such as one set by regulation on prices or wages
b. (as modifier): ceiling prices
3. the upper altitude to which an aircraft can climb measured under specified conditions
4. Meteorol the highest level in the atmosphere from which the earth's surface is visible at a particular time, usually the base of a cloud layer
5. a wooden or metal surface fixed to the interior frames of a vessel for rigidity


The undercovering of a roof or floor; generally concealing the structural members from the room or roof above, or the underside surface. It may have a flat or curved surface, and be self-supporting, suspended from the floor above, or supported from hidden or exposed beams.

exposed ceiling

A ceiling in which all the structural and mechanical systems are left exposed, either in their natural state or painted.

false ceiling

A ceiling suspended or hung from the floor above, which hides the underneath structure and provides a space for the mechanical systems, wires and ducts.

luminous ceiling

A system in which the whole ceiling is translucent with lamps that are installed above and suspended from a structural ceiling.

suspended ceiling

A nonstructural ceiling suspended below the overhead structural slab or from the structural elements of a building and not bearing on the walls.



the overhead inside lining of a room; a group of structural elements forming a secondary covering that is suspended from the roof.

Ceilings’ may be smooth or have projecting ribs, coffers, or other sculptured details. Smooth ceilings may or may not cover beams. They are made from plaster, boards, or sheeting materials. Suspended ceilings are used mainly to provide better sound absorption and to increase the sound insulation of the roof. They also conceal ventilation ducts, heating pipes, and electrical wiring. Such ceilings are used as decorative elements in interior design.

In modern mass-scale housing construction, the smoothing of seams and painting constitute the principal method for finishing ceilings made of slabs and panels. In public buildings, ceilings are more and more often being faced with slab materials having good acoustic properties. Such materials include perforated aluminum panels and porous plasterboard with a sound-absorbent fiberglass layer. In a room whose ceiling serves as an element of interior design, more decorative painted or sculptured finishes are used.



(building construction)
The covering made of plaster, boards, or other material that constitutes the overhead surface in a room.
The smallest integer that is equal to or greater than a given real number a ; symbolized ⌈ a ⌉.
In the United States, the height ascribed to the lowest layer of clouds or of obscuring phenomena when it is reported as broken, overcast, or obscuration and not classified as thin or partial.


The overhead surface of a room, usually a covering or decorative treatment used to conceal the floor above or the roof.


i. The height above the ground or water of the base of the lowest layer of cloud below 6000 m (20,000 ft), covering more than half the sky (ICAO). The term also refers to the vertical visibility in a surface-based layer that completely obscures the whole sky, whichever is lesser.
ii. The highest pressure altitude that can be reached by an aircraft, excepting a zoom climb. At this altitude, the aircraft rate of climb is zero. Also called absolute ceiling.
References in periodicals archive ?
One reason for using this model was to provide a means (via the broker entity) to charge consumers an amount in excess of state and territory interest rate caps.
Net spread, the difference between basic lease rents and interest expense excluding the impact from the mark-to-market of interest rate caps, increased by 50% year-on-year to USD169.
Included in the second quarter 2009 net income amount were mark-to-market of interest rate caps and share-based compensation of $17.
Included in the first quarter 2008 net income amount were non-cash charges related to the mark-to-market of interest rate caps and share-based compensation of US$9.
When interest rate caps were scrapped in our state in 1999, the legislative history shows that the Legislature expected interest rates to go up to only 20 to 25 percent.
What the payday lenders really want is for Oregon to turn back the clock to 1981, when the state lifted all of its interest rate caps on consumer loans.
In addition, the amount of interest expense would be subject to the interest rate caps based on Moody averages.
The collateral manager notified Fitch of its intention to extend the maturities of interest rate caps currently in place in order to hedge Tenzing's floating-rate liabilities against potential future rises in interest rates.
Earnings per share excluding non-cash charges related to the mark-to- market of interest rate caps and share-based compensation are determined by dividing the amount of net income excluding such charges by the average number of shares outstanding for that period.
NEW YORK -- According to Fitch Ratings, a proposed supplemental indenture by Petra Capital Management LLC (Petra), the collateral manager for Petra CRE CDO 2007-1 (Petra 2007-1), to allow for an increased concentration of rated securities and to allow the purchase of interest rate caps with principal proceeds will not in itself impact the rating of the notes.
We will continue to pursue additional opportunities for further interest rate protection, as we believe the interest rate caps provide an excellent opportunity for us to manage our exposure to potential increases in the prime rate during 2002", concluded Kitchin.
The company has adjusted the duration of the assets backing this portfolio and has purchased interest rate caps to offset the disintermediation risk to future earnings.