- CAP
- Common Agricultural Policy - the set of legislation and practices jointly adopted by the nations of the European Union ( EU) in order to provide a common, unified policy framework for agriculture. HM Customs & Revenue Glossary
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CAP CAPECONOMICS abbreviation for Common Agricultural Policy* * *
The Common Agricultural Policy. This European Union policy was designed to stabilize commodity markets within Europe and ensure regular supplies at reasonable prices while guaranteeing farmers' income. It is implemented through a complex mix of price support mechanisms and export restrictions.► See also EU, Green Rates.* * *
Ⅰ.cap UK US /kæp/ noun [C] FINANCE► [C] an upper limit on the amount of money that can be spent or charged in connection with a particular activity: »a price/salary/spending cap
a cap on sth »They called for the government to keep the cap on public-sector spending.
impose/remove a cap »The letter of intent defined the work to be carried out and imposed a cap on cost.
► [C or U] ABBREVIATION for CAPITALIZATION(Cf. ↑capitalization) : »We are investing in companies with an average market cap of $400 million.
→ See also LARGE-CAP(Cf. ↑large-cap) adjective, MID-CAP(Cf. ↑mid-cap) adjective, SMALL-CAP(Cf. ↑small-cap) adjectiveⅡ.cap UK US /kæp/ verb [T, often passive] (-pp-)► to put an upper limit on the amount of money that can be spent or charged in connection with a particular activity: »Annual expenses on each fund will be capped at 1.25%.
Financial and business terms. 2012.
