caplet

== English == === Pronunciation === IPA(key): /ˈkæp.lət/ Rhymes: -æplət === Etymology 1 === Blend of capsule +‎ tablet. ==== Noun ==== caplet (plural caplets) A smooth-coated tablet (pill, as in medicine) shaped like a capsule, used as a tamper-resistant alternative to a capsule, or an easy-to-swallow alternative to regular tablets. ===== Translations ===== ===== References ===== Tablet on Wikipedia.Wikipedia === Etymology 2 === From cap (“upper limit or ceiling”) +‎ -let (diminutive suffix). Piecewise doublet of capelet. ==== Noun ==== caplet (plural caplets) (finance) A component of an 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. ===== References ===== Interest rate cap and floor on Wikipedia.Wikipedia === Anagrams === placet