capped

American  

[kapt] / kæpt /

adjective

1. provided with a covering of a specified kind, color, etc., at the very top, as if by a cap or hat (used in combination).

   The valley is ringed by snow-capped mountains.

   The black-capped vireo breeds in Oklahoma, Texas, and Mexico.

2. closed or sealed off with a lid or covering.

   Even a tightly capped jar of cinnamon will lose its potency after a while.

   A hive inspection last week revealed ten frames filled to the brim with capped honey and ready for harvest.

3. limited by or being a maximum allowable number, amount, value, etc..

   The program has a capped enrollment to ensure small class sizes and better mentorship opportunities.

   Could capped rent increases help to keep housing affordable?

4. Stock Exchange, Banking.

   1. (of a bank loan, investment, or fund) being, having, or involving a floating interest rate for which a maximum level has been set.

      If you’re worried about interest rates rising beyond your ability to pay, a fixed-rate or capped mortgage is the way to go.

   2. (of an equity index) calculated without allowing any one stock or security to be weighted above a certain percentage.

      A capped index is not skewed by the activity of very large companies.

5. (of a landfill site) covered over with layers of clay, asphalt, or other impenetrable materials in order to isolate contaminants and keep them from leaching into the groundwater with rain.

   Building a renewable energy project on top of a capped landfill is an intricate undertaking.

6. Chiefly British, Sports. (of a player) having played in an international game or match as part of a national team.

   We reproduce here our interview with the most capped rugby player of all time.

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verb

1. the simple past tense and past participle of cap.

Etymology

Origin of capped

First recorded in 1610–20; cap ¹ ( def. ) + -ed ² ( def. )

Example Sentences

Authorities capped fuel purchases for several types of vehicles as panic buying and hoarding spread following warnings of possible supply disruptions.

From Barron's

More economically sensitive sectors underperformed, capped by a 2% drop in consumer discretionary stocks.

From Barron's

Their biggest clients are pensions and insurance funds, but wealthy individuals have also flocked to the asset class in recent years, often through “semiliquid” funds that allow capped investments and withdrawals at specific intervals.

From The Wall Street Journal

Many airlines do use financial derivatives to secure supplies at fixed or capped prices months, or even years, in advance - a process known as hedging.

From BBC

There have been eight days this year when the stock was down by more than 3%, capped by back-to-back routs a little more than a week ago.

From Barron's

Related Words

• camouflaged
• closed
• coated
• concealed
• enclosed
• hidden
• painted
• protected
• shielded
• topped
• wrapped