An interest rate cap which is placed on a floating rate, requiring premium payment if a knock-out trigger rate is...

It stands for a bounded cap; a modified interest rate cap in which the total payout is limited (bounded). The...

An interest rate floor which consists of a limited string of floorlets designed to hedge future floating rate receipts, specifically...

An interest rate cap in which the successive caplets cover increasing notional principal amounts. In other words, the notional principal...