It also helps to mark out the pricing formulas of call option in terms of zero - coupon bond and interest - rate caps.

在该测度基础上，构造鞅过程可以对一些固定收益衍生品定价，进一步给出零息债券的欧式期权、利率上限期权的定价公式。

youdao

Price controls, which is what interest rate caps are, always have unintended consequences.

FORBES: Over the Limit

At the time interest rates were rising, and interest rate caps were forcing credit card issuers to suffer huge losses.

FORBES: Magazine Article