What does cap mean in financial terms?

The cap on your savings is the maximum amount of money you can withdraw from your savings each year. If you have $100,000 in your saving account, that's the cap on your savings. It's important to keep your money from being taken away from you, so be mindful of the amount you withdraw each year. Some banks will allow you to withdraw a portion of your savings based on your account balance, such as 0.25% per month.

What does the cap mean in scientific terms?

The cap is the maximum amount of money an organization can borrow or spend to accomplish a particular goal. It's the upper limit of an investment, such as a budget or capital campaign, or a loan.

What does cap mean in finance?

A cap is the upper limit on the amount of money an individual can borrow or spend. It’s intended to protect you against catastrophic losses, like a large medical bill, and to encourage responsible spending. The maximum amount of money you can borrow through a mortgage, credit card, or other loans is often called the cap.

What does the cap mean in sports?

The cap refers to the amount of money a sports team has to spend on its salaries in any given season. It's a limit set by the league that each team must meet each year. With a smaller cap, there's less money available to each team, and more competitive bidding for free agent players. With a larger cap, teams have more money to spend, and can afford to sign more free agents.

What does the cap mean in computer terms?

A cap is a computer-generated limit on the amount of money an organization will pay for an item or service.