Meanings
caplet1
caplet2
plural caplets
- businessA 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.
Origin
caplet · noun
From cap (“upper limit or ceiling”) + -let (diminutive suffix). Piecewise doublet of capelet.
Full word history & related roots →Translations
Afrikaans kaplet
- kaplettablet shaped like a capsule
Greek καψάκιο
- καψάκιο (kapsákio)tablet shaped like a capsule
Indonesian kaplet
- kaplettablet shaped like a capsule
Rhymes & wordplay
Rhymes with caplet
All rhymes →Anagrams
Cite this entry
caplet. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/caplet
“caplet.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/caplet. Accessed November 3, 2026.
WatkinsX Dictionary, s.v. “caplet,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/caplet.
Source: caplet on Wiktionary, CC BY-SA 4.0.