Ceiling definition

Ceiling means the height above the ground or water of the base of the lowest layer of cloud below 6 000 m (20 000 ft) covering more than half the sky;

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Ceiling means the maximum rate, level, amount, measure or other value of the Underlying of a Variable Payout Contract that may be the Expiration Value or the Closing Trade Value. If the actual rate, level, amount, measure, or other value of the Underlying meets or exceeds the Ceiling at Expiration, the Ceiling will be the Expiration Value.

Ceiling means the maximum limit for payment for a service which has been established by an administrative rule or by the Iowa Code specifically for that service.

Examples of Ceiling in a sentence

• Ceiling Rate – The maximum price a Contractor may charge for an associated Job Title or Scope Variant.

• Ceiling Rate – The maximum Proposed Price a Bidder may propose for an associated Job Title or Scope Variant while still being deemed to have submitted the lowest responsive bid.

• Adjustable Rate Mortgages (ARMs) Numeric – Decimal 0.02 9.999999 ARMs Only >= 0 and <= 1 99=no cap 51 Lifetime Maximum Rate (Ceiling) The maximum interest rate that can be in effect during the life of the loan.

• Contractor shall not allow a Subcontractor to charge an amount greater than the Ceiling Price for any Order.

• The daily interest rates to be used in calculating interest at the Ceiling Rate shall be determined by dividing the applicable Ceiling Rate per annum by the number of days in the calendar year for which such calculation is being made.

More Definitions of Ceiling

Ceiling means the covering to the underside of floor joists or ceiling joists or floor slabs excluding in all cases any supporting beams, and where no such covering exists means the underside of floor joists or roof cellars or ties excluding any supporting beams;

Ceiling means the upper limit of a quantifiable level of performance or condition, as a value for a measure.

Ceiling means the height above the surface of the base of the lowest layer of cloud below 20 000 feet covering more than half the sky;

Ceiling means the covering to the underside of any floor joists or rafters above a room; where no such covering exists the ceiling shall be understood to mean the underside of the floor joists or of rafters;

Ceiling shall have the meaning set forth in Section 8.2(b).

Ceiling means for any day for any Borrower the sum of the Floor plus the Maximum Spread Adjustment for such Borrower, in each case based on such Borrower's Ratings and as set forth in the definition of Interest Margin.

Ceiling in relation to an aerodrome means the vertical distance from the elevation of the aerodrome to the lowest part of any cloud visible from the aerodrome which is sufficient to obscure more than one-half of the sky so visible;