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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Annual Crediting Cap


Synonyms:credit cap, yearly crediting cap
Filed Under: financial-banking, investments
Tags: banking, credit, investment
 

Definition of annual crediting cap

annual crediting cap
1. An annual (yearly) limit on what can be credited to an equity-indexed annuity.

Related Terms and Acronyms:

  • annuity table   A table that can be used to find the future value of an annuity.
  • cap   A limit imposed on an item.
  • indexed annuity   An annuity where investment performance is pegged to a stock index.
  • interest rate cap   A limit to the interest rate increases and decreases on an adjustable rate loan; either from one adjustment period to the next or over the life of the loan.
  • participation rate   The rate at which changes in a stock index affect the profit credited to an annuity.

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