caplet

English

Etymology 1

Blend of capsule and tablet

Noun

caplet (plural caplets)

1. A smooth-coated tablet (pill, as in medicine) shaped like a capsule, used as a tamper-resistant alternative to a capsule, or an easy-to-swallow alternative to regular tablets.

Translations

tablet shaped like a capsule

• Greek: καψάκιο (el) (kapsákio) n

References

• Tablet on Wikipedia.Wikipedia:Tablet

Etymology 2

cap (“upper limit or ceiling”) +‎ -let (diminutive suffix)

Noun

caplet (plural caplets)

1. (finance) A 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.

References

• Interest rate cap and floor on Wikipedia.Wikipedia:Interest rate cap and floor