[{"word":"caplets","phonetics":[],"meanings":[{"partOfSpeech":"noun","definitions":[{"definition":"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.","synonyms":[],"antonyms":[]}],"synonyms":[],"antonyms":[]},{"partOfSpeech":"noun","definitions":[{"definition":"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.","synonyms":[],"antonyms":[]}],"synonyms":[],"antonyms":[]}],"license":{"name":"CC BY-SA 3.0","url":"https://creativecommons.org/licenses/by-sa/3.0"},"sourceUrls":["https://en.wiktionary.org/wiki/caplet","https://en.wiktionary.org/wiki/caplets"]}]