Caplet meaning

kăp'lĭt
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.
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A coated, oval medicine tablet.
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A solid, elongated medicine tablet, coated for easy swallowing.
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(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.
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A coated, oval medicine tablet.
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Origin of caplet

  • cap(sule) (tab)let
    From American Heritage Dictionary of the English Language, 5th Edition
  • cap (“upper limit or ceiling”) +‎ -let (diminutive suffix)
    From Wiktionary
  • Blend of capsule and tablet
    From Wiktionary