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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 ?
This can be accomplished by writing the interest rate cap directly into the loan agreement with Commercial and by explicitly stating that the cap is not transferable.
Previously DEF had purchased an interest rate cap of 10% on the $1,000,000 principal.
Purchasing interest rate caps would provide the collateral manager another option to mitigate the interest rate risk that arises with the addition of fixed rate assets.
The one-notch distinction for series 2000-1 and 2000-2 versus the other series ratings reflect the benefit derived from the lower interest rate caps employed by those series.
However, given the various interest rate caps and /or swap arrangements NYPA has entered into, the true variable interest rate exposure is closer to 25%-30%.
Refinancing risk is magnified by high variable rate debt exposure and approximately $734 million in debt maturities through year-end 2002, but is mitigated by strong mortgage lender interest in dominant malls, interest rate caps on nearly all of the company's approximately $630 million share of floating rate debt (caps average approximately 50 basis points over current floating rates), and potential to reduce construction loan interest rates when refinanced on a fixed rate basis.
While GGP has interest rate caps in place to manage its variable-rate exposure, the company's coverage measures (2.
The class A and class B interest rate caps will remain in place until May 2007 and November 2007 respectively.
The latest version offers new advanced tools for mortgage-backed security prepayment analyses, additional global portfolio reporting features, a new model for interest rate caps and floors, eurodollar futures and a new high yield appraisal report for non-investment grade holdings.
In the coming months, Credit Agricole Indosuez will also provide a wide range of trades such as interest rate swaps, interest rate caps and floors, forward rate agreements and currency swaps on CFOWeb.
The ratings are based on the quality of the Visa and MasterCard receivables pool, the interest rate caps provided by Deutsche Bank AG, Bank of America, N.