What does cap mean in legal terms?

The short answer is that it refers to the upper limit for a particular cost or loss, especially when it applies to insurance. There are many different caps that apply to particular types of insurance claims. Some examples of caps include medical malpractice caps, automobile bodily injury caps, life insurance caps, and more.

What does CAPE mean in law terms?

The acronym for the term “Capitalization of accrued Pensions” ( cape refers to the amount of money that must be set aside to support the real value of accrued pension benefits for retired employees. The figure is the present value of the accrued benefits expressed as a percentage of the total assets held by the pension fund. The higher the CAPE ratio, the more money is needed to meet future pension obligations.

What does CAP mean in old law?

The acronym "cap" was used in old English law for a limit. It refers to the upper limit of the amount that a person or company could owe another in damages for a given loss. This upper limit was set by Parliament and could not be exceeded in the event that a claim was brought. Thus, if a person injured another person in an accident and that person was found liable, the maximum amount of compensation that could be collected for the injury would be capped at the amount of damages the other party

What does CAPE mean in English?

When you put together a loan application, the lender usually requires that you provide some sort of documentation that shows how much money you can afford to pay each month. One of the primary ways lenders determine that is an analysis called a capitalization of annual income (cap) analysis, also known as the capitalization rate. CAPE refers to the capitalization rate used by the lender to determine a borrower’s ability to pay off a loan, taking into account things like the borrower’s annual

What does CAP mean in legal terms?

The acronym CAP stands for “current as of” and refers to the date that a particular balance is shown on your account, regardless of whether the balance is accurate. For example, if you have a $500 balance on your account with an interest rate of 5% and your bank shows the balance as $500.01, then the current balance is $500 and the balance on your account is $500. However, if after the first of the month your bank’s balance report