English

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

References

• Tablet on Wikipedia.Wikipedia

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