capped
v. B2 Upper Intermediate US //ˈkæpt// UK //kˈæpt// capped
v. to set a limit on the amount of something, like money or a price. It means you cannot go higher than that level.
v. to place an upper limit on a quantity, such as a price, interest rate, or budget. Often used in financial or regulatory contexts to prevent excessive growth or spending.
The government capped energy prices to help families.
The university capped the number of new students this year to ensure there was enough housing for everyone.
To prevent a total economic collapse, the central bank capped interest rates at five percent, effectively halting the rapid rise in borrowing costs for small businesses.
Usage
The verb is transitive and usually appears in the passive voice ('is capped at').