Pairs per Turn of the Helix in Solution: The Mica Experiment. The Double Helix Has Minor and Major Grooves. As a result of the double-helical structure of the two chains, the DNA. molecule is a long extended polymer with two grooves that are not.
DEFINITION of 'Initial Interest Rate Cap'. The maximum amount the interest rate on an adjustable-rate loan can adjust on its first scheduled adjustment date. This is part of the interest rate cap structure on the loan, usually a mortgage, which helps to give borrowers some protection from payment shock but does limit the benefit from interest rate reductions.
DEFINITION of 'Interest Rate'. The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets. Interest rates are typically noted on an annual basis, known as the annual percentage rate (APR). The assets borrowed could include, cash, consumer goods, large assets, such as a vehicle or building. Interest is essentially a rental, or leasing charge to the borrower, for the asset's use. In the case of a large asset, like a vehicle or building, the interest rate is sometimes known as the lease rate.