Caplets can be categorized as a noun.
Noun |
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| caplet - 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. | ||
| caplet - A component of an w: interest rate interest rate cap , 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 call option , covers one interest accrual period such as three months; the whole interest rate cap is made up of a series of consecutive caplets. |