Business and Personal Finance Dictionary

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• LOOKBACK PERIODIC CAP
  
  A Periodic Cap (q.v.) that depends not on LIBOR at the end of the previous period, but on the highest or lowest level that LIBOR reached during that period. (Source: Dehnad, Kosrow. "Learning Curve; Lookback and Ladder Periodic Caps." DW, October 25, 1993.)
  
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