caplet

Noun

 * 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

 * Afrikaans: kaplet
 * Greek: καψάκιο
 * Indonesian: kaplet

Noun

 * 1)  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.