rate-cap

verb -caps, -capping or -capped (tr)

(formerly in Britain) to impose on (a local authority) an upper limit on the level of the rate it may levy

Derived Formsrate-capping, noun

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012