Origin of capletfrom trademark Caplets for such tablets, probably from cap(sule) + (tab)let
A coated, oval medicine tablet.
Origin of capletcap(sule) (tab)let
- (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.
cap (“upper limit or ceiling”) + -let (diminutive suffix)
- In the past, cod liver oil was eaten by the teaspoonful, but these days it's generally enclosed in a small, soft gelatin caplet, similar to vitamin E.
- When taking St. John's Wort orally as an antidepressant or antianxiety medication, the herb is available in caplet or tablet form.