Caps embedded in mortgage agreements limit the amount of upward change in the rate of interest at each adjustment period. Frequently used to denote the maximum amount of interest that can be imposed on a adjustable rate loan. If, and to the extent that, liability for breach of contract formed a constituent part of the calculation under Clause 30.9, it would be limited (capped), but otherwise the cap would not apply. Well over half of U.S. states have passed some form of a law that limits the amount of money a medical malpractice plaintiff can receive after a successful lawsuit -- meaning one in which the jury finds that a health care provider harmed a patient by committing medical negligence.. The homestead cap is designed to protect a homeowner from a large increase in property taxes, usually a primary residence (as opposed to a second or vacation home). Cap is the highest point to which an adjustable rate mortgage can rise in a given time period. In adjustable rate mortgages, the maximum allowable interest rate fluctuates. When you sue someone, in most cases (particularly personal injury cases), you usually hope to get money damages to compensate you for your injury. Legal definition for CAP: A ceiling or maximum amount. One is usually subject to more time than the cap if convicted at trial, thus the enticement to take the plea offer. Legal cap definition is - a white writing paper for legal use that is usually 81/2 inches wide and 13 or 14 inches long and is often ruled. Cap Plea Law and Legal Definition. Cap(Banking) Law and Legal Definition. How to use cap in a sentence. Cap definition is - a head covering especially with a visor and no brim. There are generally two classes of damages: economic damages and non-economic damages.Economic damages refer to specific costs you have incurred as a result of your injury, such as medical bills or money you spent to repair … Most “cap” laws focus on non-economic damages, although some state medical malpractice laws cap total damages (both economic and non-economic). When a "cap" is offered in a plea bargain, it usually means that the prosecutor has agreed that you will not be sentenced to more than the cap at sentencing. “Caps” also vary in size. The trend of the courts is to move away from permitting a document of this size to be filed. Under 18: California, … How to use legal cap in a sentence. The cap applied to liabilities incurred as a result of breaches of contractual or tortious obligations only. It is particularly important for homeowners during times of rapid appreciation in housing values, when a tax bill could see a substantial increase year-over-year. legal cap: Long stationery with a wide left-hand margin and a narrow right-hand margin, used by attorneys. It may be used to allow the defense to propose a sentence, but retain the option of going to trial if the judge does not agree. Courts presently recommend or require the use of standard size paper. Cap plea is a term used in criminal law to refer to a guilty plea entered upon judge's promise not to impose a sentence greater than specified term or range of imprisonment. Contract Law CAP abbreviation meaning defined here. What does CAP stand for in Contract Law? Get the top CAP abbreviation related to Contract Law. A STATE LAW SUMMARY (August 2020 Update) (DOWNLOAD PDF) It is difficult to compare state laws that cap compensation to victims in civil lawsuits. Definition of “Minor”: The age which triggers a state’s child access prevention law varies, ranging from children under 14 to those under 18.