An Interest rate cap is a series of European call options or "caplets" on a specified reference rate, usually LIBOR. The buyer of the cap receives money if on the maturity of any of the caplets, the reference rate exceeds the agreed strike price of the cap.
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... the Kenya People's Union[?] (KPU), was formed in 1966, led by Jaramogi Oginga Odinga[?], a former vice president and Luo elder. The KPU was banned and its leader ...