Cap

{
  "id": "MLC-T-LAW-000843",
  "term": "Cap",
  "field": "Law",
  "definition": "A legal or contractual limit placed on an amount, such as damages, interest rates, or liability. This restriction prevents a value from exceeding a predetermined maximum, regardless of other factors that might otherwise increase it. For example, many states impose a cap on non-economic damages in personal injury lawsuits.",
  "url": "https://mlchart.com/terminology/law/cap/"
}